Amplius Wealth Advisors LLC Sells 372 Shares of Mastercard Incorporated $MA

Amplius Wealth Advisors LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 25.5% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,087 shares of the credit services provider’s stock after selling 372 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Mastercard were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Accredited Investors Inc. increased its position in shares of Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. increased its position in shares of Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after purchasing an additional 18 shares during the last quarter. Pinion Investment Advisors LLC increased its position in shares of Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares during the last quarter. KRS Capital Management LLC increased its position in shares of Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after purchasing an additional 18 shares during the last quarter. Finally, Nvest Financial LLC increased its position in shares of Mastercard by 1.2% during the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred 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 owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Mastercard Price Performance

MA opened at $554.26 on Friday. The stock’s 50 day simple moving average is $577.34 and its 200 day simple moving average is $567.43. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market cap of $501.05 billion, a price-to-earnings ratio of 37.37, a PEG ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the business posted $3.89 EPS. The business’s revenue was up 16.7% on a year-over-year basis. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, KeyCorp restated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $641.93.

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.