Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,934 shares of the credit services provider’s stock after purchasing an additional 307 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Mastercard were worth $7,375,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Highline Wealth Partners LLC bought a new position in Mastercard during the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC acquired a new stake in Mastercard in the 2nd quarter valued at about $35,000. First Personal Financial Services acquired a new position in shares of Mastercard in the 3rd quarter worth approximately $39,000. Finally, Lowe Wealth Advisors LLC lifted its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock worth $153,495,958 over the last 90 days. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $524.76 on Friday. The firm has a market cap of $481.64 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The company’s fifty day moving average is $499.68 and its 200-day moving average is $468.84. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $386.74 and a 12 month high of $528.84.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $3.39 earnings per share. Equities analysts expect that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. Mastercard’s payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MA. Citigroup upped their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Royal Bank of Canada lifted their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Piper Sandler reiterated an “overweight” rating and issued a $565.00 target price (up from $536.00) on shares of Mastercard in a report on Friday, November 1st. TD Cowen boosted their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $540.17.

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.