Mastercard Incorporated (NYSE:MA) Shares Sold by Black Diamond Financial LLC

Black Diamond Financial LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 912 shares of the credit services provider’s stock after selling 25 shares during the period. Black Diamond Financial LLC’s holdings in Mastercard were worth $450,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Highline Wealth Partners LLC purchased a new position in shares of Mastercard in the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter worth $34,000. Fairway Wealth LLC purchased a new position in shares of Mastercard in the 2nd quarter worth $35,000. First Personal Financial Services purchased a new position in shares of Mastercard in the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,370 shares of company stock valued at $97,749,218. Insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.3 %

Shares of NYSE:MA opened at $520.40 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1 year low of $394.76 and a 1 year high of $534.03. The firm has a fifty day moving average price of $502.32 and a 200 day moving average price of $470.24. The stock has a market capitalization of $477.64 billion, a PE ratio of 39.36, a P/E/G ratio of 2.28 and a beta of 1.10.

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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the company earned $3.39 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders 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 dividend yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. TD Cowen increased their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird increased their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley increased their price target on Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Compass Point began coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $547.80.

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.