RWA Wealth Partners LLC Acquires 727 Shares of Mastercard Incorporated $MA

RWA Wealth Partners LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 5.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,027 shares of the credit services provider’s stock after purchasing an additional 727 shares during the period. RWA Wealth Partners LLC’s holdings in Mastercard were worth $8,444,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. ORG Partners LLC boosted its position in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC increased its holdings in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 518 shares in the last quarter. Curio Wealth LLC increased its holdings in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares in the last quarter. Wheelhouse Advisory Group LLC lifted its stake in Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after buying an additional 56 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its holdings in shares of Mastercard by 4.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after buying an additional 264 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MA. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Macquarie upped their price objective on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $649.26.

Mastercard Price Performance

MA stock opened at $551.98 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The business has a 50-day simple moving average of $572.24 and a two-hundred day simple moving average of $568.95. The company has a market capitalization of $499.00 billion, a P/E ratio of 37.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.89 earnings per share. Research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

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.