Colonial River Wealth Management LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Colonial River Wealth Management LLC grew its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 243.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,171 shares of the credit services provider’s stock after purchasing an additional 1,538 shares during the quarter. Colonial River Wealth Management LLC’s holdings in Mastercard were worth $926,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cypress Wealth Services LLC boosted its position in Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC boosted its position in Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after acquiring an additional 24 shares during the last quarter. Cassia Capital Partners LLC boosted its position in Mastercard by 2.1% during the third quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock worth $491,000 after acquiring an additional 26 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in Mastercard by 8.4% during the third quarter. Armstrong Advisory Group Inc. now owns 348 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 27 shares during the last quarter. Finally, Visionary Wealth Advisors boosted its position in Mastercard by 0.5% during the third quarter. Visionary Wealth Advisors now owns 5,311 shares of the credit services provider’s stock worth $2,103,000 after acquiring an additional 27 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Craig Vosburg sold 8,900 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 50,628 shares of company stock valued at $23,309,067 in the last quarter. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.2 %

Mastercard stock traded up $1.03 during midday trading on Tuesday, hitting $479.43. 2,771,481 shares of the stock were exchanged, compared to its average volume of 2,443,510. Mastercard Incorporated has a 1 year low of $355.97 and a 1 year high of $490.00. The firm has a market cap of $447.26 billion, a P/E ratio of 40.44, a P/E/G ratio of 1.83 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50 day moving average price of $466.86 and a two-hundred day moving average price of $427.90.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm posted $2.65 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard declared that its board has approved a stock buyback plan on Tuesday, December 5th that allows the company to repurchase $11.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. Jefferies Financial Group raised their target price on shares of Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Evercore ISI lifted their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. KeyCorp lifted their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Finally, The Goldman Sachs Group lifted their price target on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $479.62.

View Our Latest Research Report on Mastercard

Mastercard Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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