Mastercard Incorporated (NYSE:MA) Shares Bought by Aprio Wealth Management LLC

Aprio Wealth Management LLC grew its position in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,253 shares of the credit services provider’s stock after acquiring an additional 34 shares during the quarter. Aprio Wealth Management LLC’s holdings in Mastercard were worth $436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norway Savings Bank grew its stake in shares of Mastercard by 2.1% in the fourth quarter. Norway Savings Bank now owns 1,396 shares of the credit services provider’s stock valued at $485,000 after buying an additional 29 shares in the last quarter. Solstein Capital LLC grew its stake in shares of Mastercard by 1.3% in the second quarter. Solstein Capital LLC now owns 2,260 shares of the credit services provider’s stock valued at $713,000 after buying an additional 30 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its stake in shares of Mastercard by 2.3% in the third quarter. Sound View Wealth Advisors Group LLC now owns 1,358 shares of the credit services provider’s stock valued at $386,000 after buying an additional 31 shares in the last quarter. Invst LLC grew its stake in shares of Mastercard by 1.4% in the third quarter. Invst LLC now owns 2,349 shares of the credit services provider’s stock valued at $685,000 after buying an additional 32 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC grew its stake in shares of Mastercard by 3.2% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,030 shares of the credit services provider’s stock valued at $368,000 after buying an additional 32 shares in the last quarter. 74.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MA shares. Barclays raised their price objective on Mastercard from $427.00 to $437.00 and gave the company an “overweight” rating in a research note on Sunday, January 29th. Deutsche Bank Aktiengesellschaft raised their price target on Mastercard from $375.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Wolfe Research raised their target price on Mastercard from $395.00 to $415.00 in a research report on Thursday, January 5th. JPMorgan Chase & Co. raised their target price on Mastercard from $395.00 to $452.00 and gave the company an “overweight” rating in a research report on Friday, January 27th. Finally, Jefferies Financial Group raised their target price on Mastercard from $370.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $413.41.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the sale, the insider now owns 41,314 shares of the company’s stock, valued at $15,701,385.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Edward Grunde Mclaughlin sold 20,000 shares of the firm’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $375.99, for a total value of $7,519,800.00. Following the completion of the sale, the insider now owns 21,579 shares of the company’s stock, valued at $8,113,488.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the sale, the insider now directly owns 41,314 shares of the company’s stock, valued at approximately $15,701,385.70. The disclosure for this sale can be found here. Insiders sold a total of 655,522 shares of company stock valued at $242,724,561 over the last quarter. Company insiders own 0.29% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $349.66 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $333.31 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.64 and a beta of 1.11. The stock’s fifty day simple moving average is $365.66 and its 200 day simple moving average is $340.41. Mastercard Incorporated has a 52-week low of $276.87 and a 52-week high of $390.00.

Mastercard (NYSE:MA – Get Rating) last issued its earnings results on Thursday, January 26th. The credit services provider reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The business had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.79 billion. Mastercard had a return on equity of 158.38% and a net margin of 44.65%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 EPS. As a group, sell-side analysts forecast that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Friday, April 7th will be given a $0.57 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $2.28 annualized dividend and a dividend yield of 0.65%. Mastercard’s dividend payout ratio (DPR) is presently 22.31%.

Mastercard Profile

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.