Mastercard Inc (NYSE:MA) Position Raised by YorkBridge Wealth Partners LLC

YorkBridge Wealth Partners LLC grew its stake in Mastercard Inc (NYSE:MA) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,957 shares of the credit services provider’s stock after purchasing an additional 332 shares during the period. Mastercard comprises approximately 1.8% of YorkBridge Wealth Partners LLC’s investment portfolio, making the stock its 10th largest holding. YorkBridge Wealth Partners LLC’s holdings in Mastercard were worth $3,519,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC acquired a new position in Mastercard in the 2nd quarter valued at $26,000. Ellevest Inc. raised its stake in Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 38 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new position in Mastercard in the 2nd quarter valued at $31,000. Delphi Private Advisors LLC acquired a new position in Mastercard in the 2nd quarter valued at $31,000. Finally, Princeton Global Asset Management LLC acquired a new position in Mastercard in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 74.28% of the company’s stock.

In other Mastercard news, Director Richard K. Davis acquired 1,735 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $270.09 per share, with a total value of $468,606.15. Following the transaction, the director now owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lance Darrell Gordon Uggla acquired 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $275.71 per share, with a total value of $413,565.00. Following the completion of the transaction, the director now directly owns 3,691 shares in the company, valued at approximately $1,017,645.61. The disclosure for this purchase can be found here. Insiders have sold a total of 131,377 shares of company stock valued at $36,117,135 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Several research firms recently commented on MA. UBS Group increased their price objective on Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, September 13th. Moffett Nathanson set a $320.00 price objective on Mastercard and gave the company a “buy” rating in a research note on Wednesday, September 18th. Royal Bank of Canada set a $315.00 price objective on Mastercard and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Susquehanna Bancshares increased their price objective on Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average target price of $299.09.

Shares of MA traded up $1.24 during midday trading on Monday, reaching $271.87. The company had a trading volume of 787,174 shares, compared to its average volume of 3,228,230. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $293.69. The stock has a market cap of $280.54 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 2.30 and a beta of 1.06. The firm has a 50 day simple moving average of $275.93 and a 200-day simple moving average of $263.97. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.66 EPS. As a group, sell-side analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s payout ratio is 20.34%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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