Roanoke Asset Management Corp NY Sells 535 Shares of Mastercard Incorporated (NYSE:MA)

Roanoke Asset Management Corp NY decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,927 shares of the credit services provider’s stock after selling 535 shares during the quarter. Mastercard accounts for approximately 7.9% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its largest position. Roanoke Asset Management Corp NY’s holdings in Mastercard were worth $25,148,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the 3rd quarter valued at $25,000. Palisade Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the second quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. The trade was 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 worth $159,610,703 in the last quarter. 0.10% of the stock is owned by company insiders.

Mastercard Trading Up 1.7 %

Shares of Mastercard stock opened at $508.23 on Friday. The stock has a market capitalization of $469.52 billion, a P/E ratio of 38.86, a P/E/G ratio of 2.27 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $378.48 and a 52-week high of $527.90. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $495.77 and its 200 day simple moving average is $466.84.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 14.33 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 20.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MA. Compass Point initiated coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Macquarie raised their price objective on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer started coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $537.92.

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.