Newbridge Financial Services Group Inc. Sells 120 Shares of Mastercard Incorporated (NYSE:MA)

Newbridge Financial Services Group Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 27.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 322 shares of the credit services provider’s stock after selling 120 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Mastercard were worth $142,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. VitalStone Financial LLC raised its position in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Westend Capital Management LLC bought a new stake in shares of Mastercard in the first quarter valued at about $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard in the first quarter worth about $27,000. Scarborough Advisors LLC bought a new position in Mastercard during the 4th quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in Mastercard during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

Shares of MA opened at $495.67 on Thursday. The stock’s 50-day moving average price is $474.05 and its 200-day moving average price is $462.24. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $460.78 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, sell-side analysts predict that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s payout ratio is 20.99%.

Analysts Set New Price Targets

MA has been the subject of several research reports. Barclays upped their price target on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. TD Cowen boosted their price target on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Evercore ISI dropped their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Susquehanna boosted their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

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.