Astoria Portfolio Advisors LLC. Sells 138 Shares of Mastercard Incorporated $MA

Astoria Portfolio Advisors LLC. lowered its position in Mastercard Incorporated (NYSE:MA) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,938 shares of the credit services provider’s stock after selling 138 shares during the quarter. Mastercard makes up about 0.6% of Astoria Portfolio Advisors LLC.’s portfolio, making the stock its 29th biggest position. Astoria Portfolio Advisors LLC.’s holdings in Mastercard were worth $2,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the second quarter worth approximately $11,421,213,000. Nuveen LLC bought a new position in Mastercard in the first quarter worth approximately $4,238,764,000. Wellington Management Group LLP boosted its position in Mastercard by 38.6% during the 1st 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 acquiring an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after acquiring an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $556.80 on Monday. The firm has a market capitalization of $503.35 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day moving average of $581.01 and a 200 day moving average of $562.90. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last issued its 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 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 quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $3.50 EPS. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid 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 20.50%.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. 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. TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Wells Fargo & Company raised their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Truist Financial lowered their price objective 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $634.04.

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.