SteelPeak Wealth LLC Sells 733 Shares of Mastercard Incorporated $MA

SteelPeak Wealth LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,318 shares of the credit services provider’s stock after selling 733 shares during the period. SteelPeak Wealth LLC’s holdings in Mastercard were worth $2,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. NewSquare Capital LLC grew its holdings in Mastercard by 550.0% during the 1st quarter. NewSquare Capital LLC now owns 325 shares of the credit services provider’s stock valued at $178,000 after buying an additional 275 shares in the last quarter. Requisite Capital Management LLC purchased a new stake in Mastercard during the 1st quarter valued at approximately $310,000. Wealthcare Advisory Partners LLC grew its holdings in Mastercard by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock valued at $3,737,000 after buying an additional 212 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Mastercard by 19.9% during the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after buying an additional 2,493 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Buy” and an average target price of $634.04.

Mastercard Stock Up 0.1%

Shares of MA opened at $579.24 on Wednesday. The company has a market cap of $523.64 billion, a PE ratio of 39.06, a P/E/G ratio of 2.37 and a beta of 0.97. The business has a fifty day moving average of $580.78 and a 200 day moving average of $562.45. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.