Golden State Equity Partners Buys Shares of 1,066 Mastercard Incorporated (NYSE:MA)

Golden State Equity Partners bought a new stake in Mastercard Incorporated (NYSE:MA) in the 1st quarter, Holdings Channel reports. The institutional investor bought 1,066 shares of the credit services provider’s stock, valued at approximately $387,000.

Several other large investors have also recently bought and sold shares of the company. Aspire Private Capital LLC acquired a new stake in Mastercard during the first quarter worth approximately $18,897,320,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the first quarter valued at approximately $25,000. Financial Connections Group Inc. bought a new position in shares of Mastercard in the fourth quarter valued at approximately $25,000. Graham Capital Wealth Management LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $268,923,000. Finally, Delta Asset Management LLC TN bought a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. 74.94% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.0 %

Shares of NYSE MA opened at $416.30 on Thursday. The business’s 50 day moving average is $400.63 and its two-hundred day moving average is $380.70. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.13 and a quick ratio of 1.13. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $418.41. The stock has a market capitalization of $392.24 billion, a P/E ratio of 39.02, a PEG ratio of 1.86 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.05. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The business had revenue of $6.30 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the business earned $2.56 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a $0.57 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is 21.37%.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 46,491 shares in the company, valued at $18,596,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 10,838 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the completion of the sale, the chief financial officer now owns 20,707 shares in the company, valued at $8,166,426.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction on 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 in the company, valued at $18,596,400. The disclosure for this sale can be found here. Over the last quarter, insiders sold 407,267 shares of company stock worth $161,485,243. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. BMO Capital Markets raised their target price on Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a report on Friday, July 28th. JPMorgan Chase & Co. raised their target price on Mastercard from $442.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, August 22nd. Mizuho reiterated a “buy” rating and set a $435.00 price target on shares of Mastercard in a report on Tuesday, August 29th. Wells Fargo & Company lifted their price target on Mastercard from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Finally, Barclays lifted their price target on Mastercard from $437.00 to $470.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $440.96.

Mastercard Company Profile

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.