RiverPark Advisors LLC Has $2.26 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

RiverPark Advisors LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,567 shares of the credit services provider’s stock after selling 956 shares during the period. Mastercard accounts for 1.8% of RiverPark Advisors LLC’s portfolio, making the stock its 17th largest holding. RiverPark Advisors LLC’s holdings in Mastercard were worth $2,255,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 2nd quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter valued at about $35,000. First Personal Financial Services acquired a new position in Mastercard in the 3rd quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,370 shares of company stock worth $97,749,218. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of NYSE:MA opened at $521.89 on Friday. The company has a market cap of $479.01 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $504.09 and a 200 day simple moving average of $471.18. Mastercard Incorporated has a one year low of $395.55 and a one year high of $534.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.39 EPS. Research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Oppenheimer initiated coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. UBS Group upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna boosted their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

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.