Bartlett & CO. Wealth Management LLC Purchases 4,556 Shares of Mastercard Incorporated $MA

Bartlett & CO. Wealth Management LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,525 shares of the credit services provider’s stock after buying an additional 4,556 shares during the period. Mastercard comprises about 2.3% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 9th largest position. Bartlett & CO. Wealth Management LLC’s holdings in Mastercard were worth $172,168,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Border to Coast Pensions Partnership Ltd raised its holdings in shares of Mastercard by 7.3% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock valued at $70,089,000 after buying an additional 9,504 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Mastercard in the fourth quarter valued at approximately $1,113,000. Assetmark Inc. boosted its stake in Mastercard by 4.5% during the 4th quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after purchasing an additional 9,795 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings in Mastercard by 396.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock worth $26,343,000 after acquiring an additional 36,848 shares during the period. Finally, Marble Wealth LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $1,328,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Down 1.4%

Mastercard stock opened at $543.55 on Friday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $480.27 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.72 and a beta of 0.73. The company’s fifty day simple moving average is $503.99 and its 200-day simple moving average is $516.23.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the business posted $3.73 EPS. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 20.14%.

Insider Activity

In other news, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the sale, the insider directly owned 3,322 shares in the company, valued at approximately $1,793,880. The trade was a 5.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares in the company, valued at approximately $8,702,934.17. This represents a 10.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. Susquehanna reduced their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Robert W. Baird lifted their target price on Mastercard from $660.00 to $680.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $653.92.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.