Golden State Equity Partners bought a new stake in Mastercard Incorporated (NYSE:MA – Free Report) 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 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.
- Five stocks we like better than Mastercard
- Health Care Stocks Explained: Why You Might Want to Invest
- Shutterstock is the Value Stock they don’t want you to know about
- What is a Secondary Public Offering? What Investors Need to Know
- 3 Low-Cost ETFs That Are Crushing SPY
- What Is WallStreetBets and What Stocks Are They Targeting?
- Body Slammed Under $100, Is World Wrestling Stock an Opportunity?
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.