Kingsview Wealth Management LLC Raises Position in Mastercard Incorporated (NYSE:MA)

Kingsview Wealth Management LLC grew its position in Mastercard Incorporated (NYSE:MA) by 10.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 68,959 shares of the credit services provider’s stock after purchasing an additional 6,732 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Mastercard were worth $34,052,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cerity Partners LLC grew its position in Mastercard by 9.1% during the third quarter. Cerity Partners LLC now owns 373,570 shares of the credit services provider’s stock valued at $184,469,000 after buying an additional 31,153 shares during the period. Great Valley Advisor Group Inc. grew its position in Mastercard by 14.5% during the third quarter. Great Valley Advisor Group Inc. now owns 2,978 shares of the credit services provider’s stock valued at $1,470,000 after buying an additional 376 shares during the period. Certified Advisory Corp grew its position in Mastercard by 0.9% during the third quarter. Certified Advisory Corp now owns 19,629 shares of the credit services provider’s stock valued at $9,693,000 after buying an additional 181 shares during the period. Nicolet Advisory Services LLC grew its position in Mastercard by 1.0% during the third quarter. Nicolet Advisory Services LLC now owns 4,220 shares of the credit services provider’s stock valued at $2,089,000 after buying an additional 41 shares during the period. Finally, Leelyn Smith LLC grew its position in Mastercard by 0.6% during the third quarter. Leelyn Smith LLC now owns 9,537 shares of the credit services provider’s stock valued at $4,709,000 after buying an additional 53 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Mastercard stock opened at $520.76 on Friday. The company has a market cap of $477.97 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.29 and a beta of 1.10. The firm’s fifty day moving average is $506.91 and its 200 day moving average is $473.55. 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 52-week low of $404.32 and a 52-week high of $534.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.39 earnings per share. Sell-side analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed 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. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Susquehanna upped their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Robert W. Baird upped their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $549.16.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.10% of the company’s stock.

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.