Mastercard Incorporated (NYSE:MA) Shares Acquired by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. boosted its holdings in Mastercard Incorporated (NYSE:MA) by 117.8% in the third quarter, HoldingsChannel.com reports. The firm owned 1,189 shares of the credit services provider’s stock after acquiring an additional 643 shares during the period. GW Henssler & Associates Ltd.’s holdings in Mastercard were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in MA. First Trust Direct Indexing L.P. boosted its position in Mastercard by 14.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after purchasing an additional 2,556 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in shares of Mastercard during the first quarter valued at $608,000. SteelPeak Wealth LLC grew its position in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after acquiring an additional 1,612 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Mastercard in the 1st quarter valued at about $2,938,000. Finally, OMC Financial Services LTD acquired a new position in Mastercard during the 1st quarter valued at about $17,854,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research note on Tuesday, September 3rd. TD Cowen lifted their target price on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Compass Point started coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Finally, Piper Sandler lifted their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $525.68.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 over the last quarter. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA traded up $1.78 during mid-day trading on Tuesday, reaching $509.99. The company had a trading volume of 601,048 shares, compared to its average volume of 2,419,037. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $474.09 billion, a PE ratio of 40.64, a P/E/G ratio of 2.27 and a beta of 1.10. The company has a 50-day moving average price of $492.66 and a two-hundred day moving average price of $465.65. Mastercard Incorporated has a 1-year low of $364.72 and a 1-year high of $518.82.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, equities analysts anticipate that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

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.