Atria Wealth Solutions Inc. Sells 4,475 Shares of Mastercard Incorporated (NYSE:MA)

Atria Wealth Solutions Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,092 shares of the credit services provider’s stock after selling 4,475 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Mastercard were worth $26,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAM Holding AG grew its holdings in Mastercard by 4.0% during the 4th quarter. GAM Holding AG now owns 24,833 shares of the credit services provider’s stock worth $13,076,000 after acquiring an additional 957 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in Mastercard by 4.0% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 22,028 shares of the credit services provider’s stock worth $11,599,000 after purchasing an additional 841 shares during the period. Venturi Wealth Management LLC increased its holdings in Mastercard by 2.2% in the fourth quarter. Venturi Wealth Management LLC now owns 5,585 shares of the credit services provider’s stock worth $2,941,000 after purchasing an additional 122 shares in the last quarter. Empower Advisory Group LLC lifted its stake in Mastercard by 1.7% in the fourth quarter. Empower Advisory Group LLC now owns 425,948 shares of the credit services provider’s stock valued at $224,292,000 after buying an additional 6,919 shares during the period. Finally, Wealth Quarterback LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $211,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA stock opened at $564.77 on Tuesday. The company’s fifty day moving average price is $535.49 and its 200-day moving average price is $510.30. The stock has a market cap of $518.36 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts expect that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MA shares. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Mizuho upped their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a research note on Tuesday, February 4th. Barclays upped their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Company 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.