Vestmark Advisory Solutions Inc. Has $2.38 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Vestmark Advisory Solutions Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 15.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,575 shares of the credit services provider’s stock after buying an additional 727 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Mastercard were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Northern Trust Corp increased its stake in shares of Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after buying an additional 251,516 shares during the period. Jennison Associates LLC raised its holdings in Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after purchasing an additional 515,481 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Mastercard by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Mastercard by 1.1% in the 3rd 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 period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Mastercard by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after purchasing an additional 16,019 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock traded up $2.48 during mid-day trading on Friday, reaching $443.58. The company’s stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The firm’s fifty day moving average price is $469.57 and its two-hundred day moving average price is $437.74. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.17 and a current ratio of 1.09. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The company has a market capitalization of $413.81 billion, a P/E ratio of 35.26, a PEG ratio of 1.72 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday. Mizuho dropped their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday. Finally, BMO Capital Markets raised their target price on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $493.55.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total transaction of $51,624,640.00. Following the completion of the sale, the insider now directly owns 96,651,308 shares in the company, valued at $43,013,698,112.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 116,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the transaction, the insider now directly owns 96,651,308 shares in the company, valued at approximately $43,013,698,112.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 583,088 shares of company stock worth $266,873,978 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Mastercard 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.