RWA Wealth Partners LLC Has $7.84 Million Stock Holdings in Mastercard Incorporated $MA

RWA Wealth Partners LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,300 shares of the credit services provider’s stock after selling 860 shares during the quarter. RWA Wealth Partners LLC’s holdings in Mastercard were worth $7,838,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MA. Vanguard Group Inc. increased its holdings in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after purchasing an additional 365,537 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Northern Trust Corp increased its holdings in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. GAMMA Investing LLC increased its holdings in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Mastercard during the first quarter worth $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.3%

Mastercard stock opened at $582.06 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business’s fifty day simple moving average is $563.30 and its two-hundred day simple moving average is $554.61. Mastercard Incorporated has a 12 month low of $461.90 and a 12 month high of $594.71. The company has a market capitalization of $526.19 billion, a price-to-earnings ratio of 39.25, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.50 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MA. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Friday, July 18th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. KeyCorp upped their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $617.93.

Insiders Place Their Bets

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, the insider owned 25,540 shares in the company, valued at $14,630,844.40. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,453 shares of company stock worth $20,178,667. 0.09% of the stock is owned by corporate insiders.

About Mastercard

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.