Private Wealth Partners LLC Has $3.41 Million Holdings in Mastercard Incorporated (NYSE:MA)

Private Wealth Partners LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,003 shares of the credit services provider’s stock after buying an additional 200 shares during the quarter. Private Wealth Partners LLC’s holdings in Mastercard were worth $3,413,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MA. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard in the fourth quarter valued at about $27,000. Criterion Capital Advisors LLC acquired a new stake in shares of Mastercard during the fourth quarter valued at about $33,000. Barometer Capital Management Inc. acquired a new stake in shares of Mastercard during the third quarter valued at about $36,000. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 86 shares in the last quarter. Finally, JCIC Asset Management Inc. raised its position in shares of Mastercard by 34.0% during the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after acquiring an additional 34 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

MA traded up $0.31 during trading on Friday, reaching $462.42. 1,963,273 shares of the company were exchanged, compared to its average volume of 2,212,406. The company’s 50-day moving average is $471.35 and its two-hundred day moving average is $436.35. The company has a market cap of $431.39 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 1.76 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the prior year, the firm posted $2.65 EPS. Research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is currently 22.32%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MA. JPMorgan Chase & Co. lifted their target price on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Evercore ISI upped their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. The Goldman Sachs Group upped their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, KeyCorp upped their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 366,630 shares of company stock valued at $168,746,490 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.