Allworth Financial LP Raises Holdings in Mastercard Incorporated $MA

Allworth Financial LP grew its holdings in Mastercard Incorporated (NYSE:MA) by 18.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,427 shares of the credit services provider’s stock after buying an additional 6,511 shares during the quarter. Allworth Financial LP’s holdings in Mastercard were worth $23,841,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after purchasing an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. Wellington Management Group LLP increased its stake in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Mastercard during the first quarter worth $4,238,764,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MA. Royal Bank Of Canada upped their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Macquarie raised their price objective on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $649.26.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The stock was 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. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $551.98 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $499.00 billion, a PE ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92. The firm has a 50 day simple moving average of $572.24 and a 200-day simple moving average of $569.51. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

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

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

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.