Motive Wealth Advisors Purchases 332 Shares of Mastercard Incorporated (NYSE:MA)

Motive Wealth Advisors grew its position in Mastercard Incorporated (NYSE:MA) by 64.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 851 shares of the credit services provider’s stock after purchasing an additional 332 shares during the quarter. Motive Wealth Advisors’ holdings in Mastercard were worth $410,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Westend Capital Management LLC acquired a new position in shares of Mastercard during the first quarter valued at about $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the first quarter valued at about $27,000. VitalStone Financial LLC grew its holdings in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Mastercard during the fourth quarter valued at about $26,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard during the fourth quarter valued at about $27,000. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.8 %

MA traded up $3.65 during trading on Friday, hitting $440.07. 2,645,605 shares of the stock traded hands, compared to its average volume of 2,485,778. The firm has a market capitalization of $409.09 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average of $449.25 and a 200 day moving average of $454.31. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the company posted $2.80 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MA shares. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Barclays dropped their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Robert W. Baird lifted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Evercore ISI lowered their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $498.57.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the sale, the insider now owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock worth $1,428,540,870 in the last three months. 0.10% of the stock is owned by corporate insiders.

About Mastercard

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.