Mastercard Incorporated (NYSE:MA) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 723 shares of the credit services provider’s stock after selling 64 shares during the period. Verity Asset Management Inc.’s holdings in Mastercard were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the 2nd quarter worth approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard in the 2nd quarter valued at approximately $35,000. Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Finally, Valley Wealth Managers Inc. lifted its stake in Mastercard by 1,166.7% during the second quarter. Valley Wealth Managers Inc. now owns 114 shares of the credit services provider’s stock worth $50,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock opened at $524.67 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $481.56 billion, a P/E ratio of 39.69, a PEG ratio of 2.28 and a beta of 1.10. The business has a 50 day simple moving average of $499.68 and a 200-day simple moving average of $468.84. Mastercard Incorporated has a twelve month low of $386.74 and a twelve month high of $528.84.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the business earned $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. Mastercard’s payout ratio is 19.97%.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, 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 value of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MA shares. Mizuho lifted their price objective on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley lifted their target price on Mastercard from $540.00 to $544.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Oppenheimer assumed coverage on shares of Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Bank of America raised their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $540.17.

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.