EP Wealth Advisors LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,735 shares of the credit services provider’s stock, valued at approximately $286,000.
Several other institutional investors have also added to or reduced their stakes in the business. Archer Investment Corp lifted its position in Mastercard by 0.8% in the first quarter. Archer Investment Corp now owns 3,409 shares of the credit services provider’s stock valued at $1,209,000 after purchasing an additional 27 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its position in Mastercard by 2.0% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 1,386 shares of the credit services provider’s stock valued at $504,000 after buying an additional 27 shares during the period. Good Life Advisors LLC boosted its position in Mastercard by 0.5% during the 1st quarter. Good Life Advisors LLC now owns 5,220 shares of the credit services provider’s stock valued at $1,897,000 after buying an additional 28 shares during the period. MGO Private Wealth LLC grew its holdings in Mastercard by 3.5% in the 1st quarter. MGO Private Wealth LLC now owns 867 shares of the credit services provider’s stock worth $315,000 after acquiring an additional 29 shares during the last quarter. Finally, Paces Ferry Wealth Advisors LLC increased its position in shares of Mastercard by 3.6% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 831 shares of the credit services provider’s stock valued at $302,000 after acquiring an additional 29 shares during the period. 74.94% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the sale, the insider now owns 99,430,749 shares of the company’s stock, valued at approximately $38,916,200,851.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total value of $2,533,200.00. Following the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $18,596,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 125,816 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the sale, the insider now directly owns 99,430,749 shares of the company’s stock, valued at approximately $38,916,200,851.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 415,267 shares of company stock valued at $164,793,283. 0.13% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Mastercard
Mastercard Stock Performance
Shares of MA stock opened at $417.13 on Tuesday. The company has a market capitalization of $393.02 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.13 and a current ratio of 1.13. Mastercard Incorporated has a one year low of $276.87 and a one year high of $418.60. The company’s 50-day moving average is $401.97 and its 200 day moving average is $381.97.
Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.05. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. The company had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.
Mastercard Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $2.28 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 21.37%.
About Mastercard
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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