EFG Asset Management Americas Corp. Sells 874 Shares of Mastercard Incorporated $MA

EFG Asset Management Americas Corp. cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,934 shares of the credit services provider’s stock after selling 874 shares during the quarter. Mastercard comprises 2.3% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 7th biggest position. EFG Asset Management Americas Corp.’s holdings in Mastercard were worth $12,326,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. PFG Advisors grew its stake in shares of Mastercard by 18.9% in the 1st quarter. PFG Advisors now owns 3,798 shares of the credit services provider’s stock valued at $2,082,000 after buying an additional 604 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $1,385,000. Close Asset Management Ltd raised its position in shares of Mastercard by 3.0% during the 1st quarter. Close Asset Management Ltd now owns 153,696 shares of the credit services provider’s stock valued at $84,236,000 after buying an additional 4,495 shares during the period. Finally, Advisors Preferred LLC lifted its holdings in Mastercard by 56.7% in the first quarter. Advisors Preferred LLC now owns 1,280 shares of the credit services provider’s stock valued at $702,000 after acquiring an additional 463 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada lifted their target price on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. KeyCorp restated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Finally, Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average price target of $652.50.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.4%

Mastercard stock opened at $529.95 on Thursday. The stock has a market cap of $475.89 billion, a PE ratio of 35.73, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average is $565.34 and its two-hundred day moving average is $569.52. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.44%.

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.