Mastercard Incorporated $MA Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 650,299 shares of the credit services provider’s stock after selling 3,102 shares during the quarter. Corient Private Wealth LLC owned approximately 0.07% of Mastercard worth $365,430,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC grew its stake in Mastercard by 27.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 152 shares of the credit services provider’s stock worth $85,000 after buying an additional 33 shares during the last quarter. Caldwell Trust Co purchased a new stake in Mastercard in the second quarter valued at approximately $13,085,000. Canal Capital Management LLC boosted its holdings in shares of Mastercard by 3.9% in the second quarter. Canal Capital Management LLC now owns 2,086 shares of the credit services provider’s stock valued at $1,172,000 after acquiring an additional 78 shares during the period. NWF Advisory Services Inc. grew its position in shares of Mastercard by 147.5% during the second quarter. NWF Advisory Services Inc. now owns 2,544 shares of the credit services provider’s stock worth $1,430,000 after acquiring an additional 1,516 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Mastercard by 27.0% in the 2nd quarter. Osaic Holdings Inc. now owns 177,965 shares of the credit services provider’s stock valued at $99,753,000 after acquiring an additional 37,865 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.4%

Shares of Mastercard stock opened at $571.40 on Monday. The firm has a market cap of $513.12 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company’s 50-day simple moving average is $554.16 and its 200-day simple moving average is $566.33. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter last year, the firm earned $3.89 earnings per share. The firm’s revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Analyst Ratings Changes

MA has been the subject of several research reports. Evercore ISI set a $610.00 price target on shares of Mastercard in a research report on Friday. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 target price on shares of Mastercard in a research note on Thursday, October 30th. Morgan Stanley set a $665.00 price target on Mastercard and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Tigress Financial boosted their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $654.81.

About Mastercard

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.