Congress Wealth Management LLC DE Sells 73 Shares of Mastercard Incorporated (NYSE:MA)

Congress Wealth Management LLC DE decreased its position in Mastercard Incorporated (NYSE:MA) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,153 shares of the credit services provider’s stock after selling 73 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Mastercard were worth $3,446,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Mastercard by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. Capital International Investors raised its holdings in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares in the last quarter. Norges Bank acquired a new position in Mastercard during the fourth quarter worth $4,595,559,000. Finally, Royal Bank of Canada boosted its holdings in Mastercard by 1.1% during the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after purchasing an additional 56,642 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MA has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Mizuho dropped their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Susquehanna restated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, TD Cowen initiated coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Mastercard Stock Down 0.4 %

MA opened at $436.00 on Tuesday. The stock has a fifty day moving average of $451.50 and a 200-day moving average of $453.31. The company has a market capitalization of $405.31 billion, a P/E ratio of 34.79, a P/E/G ratio of 1.72 and a beta of 1.09. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $2.80 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

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.