Mastercard Incorporated (NYSE:MA) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 76.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,860 shares of the credit services provider’s stock after purchasing an additional 808 shares during the quarter. OneAscent Financial Services LLC’s holdings in Mastercard were worth $731,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of MA. State Street Corp grew its holdings in shares of Mastercard by 3.9% in the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after purchasing an additional 1,303,477 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Mastercard by 9.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,027,189 shares of the credit services provider’s stock worth $9,398,165,000 after buying an additional 2,247,291 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Mastercard by 0.4% in the first quarter. Geode Capital Management LLC now owns 16,368,594 shares of the credit services provider’s stock valued at $5,936,110,000 after acquiring an additional 62,380 shares during the last quarter. Morgan Stanley grew its position in Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after acquiring an additional 2,385,640 shares during the period. Finally, Norges Bank acquired a new position in shares of Mastercard in the 4th quarter valued at $3,308,223,000. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 6,000 shares of Mastercard stock in a transaction on Friday, September 1st. The shares were sold at an average price of $413.65, for a total value of $2,481,900.00. Following the transaction, the chief financial officer now directly owns 20,707 shares in the company, valued at $8,565,450.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Hai Ling sold 3,324 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total value of $1,379,460.00. Following the sale, the insider now owns 17,577 shares in the company, valued at approximately $7,294,455. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 6,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $413.65, for a total transaction of $2,481,900.00. Following the transaction, the chief financial officer now owns 20,707 shares of the company’s stock, valued at $8,565,450.55. The disclosure for this sale can be found here. Insiders have sold 407,267 shares of company stock worth $161,485,243 in the last quarter. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on MA shares. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $442.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, August 22nd. Susquehanna boosted their price target on shares of Mastercard from $433.00 to $486.00 and gave the company a “positive” rating in a research note on Friday, July 28th. Wells Fargo & Company lifted their target price on shares of Mastercard from $425.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Morgan Stanley upped their price target on Mastercard from $440.00 to $443.00 in a research note on Friday, July 28th. Finally, Bank of America lifted their price objective on Mastercard from $438.00 to $442.00 in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $442.83.

Mastercard Stock Up 0.2 %

Mastercard stock opened at $414.31 on Friday. The stock’s fifty day moving average is $401.47 and its two-hundred day moving average is $381.18. The stock has a market cap of $390.37 billion, a PE ratio of 38.83, a P/E/G ratio of 1.87 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $418.60. 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 (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.05. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the company posted $2.56 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Incorporated will post 12.13 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.