Prospera Financial Services Inc Acquires 196 Shares of Mastercard Incorporated (NYSE:MA)

Prospera Financial Services Inc boosted its holdings in Mastercard Incorporated (NYSE:MA) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,091 shares of the credit services provider’s stock after acquiring an additional 196 shares during the quarter. Prospera Financial Services Inc’s holdings in Mastercard were worth $4,990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. lifted its position in Mastercard by 46.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the last quarter. Wellington Wealth Strategies LLC. raised its position in shares of Mastercard by 31.3% during the 1st quarter. Wellington Wealth Strategies LLC. now owns 1,098 shares of the credit services provider’s stock valued at $529,000 after buying an additional 262 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Mastercard by 2.1% during the 1st quarter. Advisors Asset Management Inc. now owns 115,639 shares of the credit services provider’s stock worth $55,688,000 after acquiring an additional 2,412 shares during the last quarter. First Commonwealth Financial Corp PA grew its position in Mastercard by 2.8% in the first quarter. First Commonwealth Financial Corp PA now owns 1,590 shares of the credit services provider’s stock worth $766,000 after acquiring an additional 43 shares in the last quarter. Finally, Cadence Bank increased its stake in Mastercard by 4.4% in the first quarter. Cadence Bank now owns 11,702 shares of the credit services provider’s stock valued at $5,636,000 after acquiring an additional 497 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,370 shares of company stock worth $46,797,168. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MA shares. Morgan Stanley upped their price objective on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. KeyCorp lifted their price target on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Finally, Mizuho lifted their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Price Performance

Shares of NYSE MA opened at $519.47 on Wednesday. Mastercard Incorporated has a 1 year low of $398.26 and a 1 year high of $534.03. The stock has a market capitalization of $476.79 billion, a P/E ratio of 39.29, a P/E/G ratio of 2.32 and a beta of 1.10. The company’s 50-day moving average is $505.41 and its 200 day moving average is $472.48. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last posted its 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. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.39 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company 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. This represents a $2.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

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.