Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 36 Shares of Mastercard Incorporated $MA

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its stake in Mastercard Incorporated (NYSE:MA) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,430 shares of the credit services provider’s stock after selling 36 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Mastercard were worth $1,366,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. LGT Financial Advisors LLC bought a new stake in shares of Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard in the 2nd quarter worth $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the 1st quarter worth $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard in the 2nd quarter valued at $31,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, October 22nd. Robert W. Baird raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $641.93.

Mastercard Trading Down 0.1%

Shares of NYSE MA opened at $554.26 on Friday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The business’s 50 day moving average price is $577.34 and its 200-day moving average price is $567.43. The company has a market cap of $501.05 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 2.27 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the business posted $3.89 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.