Aprio Wealth Management LLC Increases Position in Mastercard Incorporated $MA

Key Points

• Aprio Wealth Management LLC increased its holdings in Mastercard by 22.9%, acquiring an additional 675 shares to total 3,627 shares valued at approximately $1,988,000.
• Mastercard reported earnings of $4.15 EPS for the last quarter, surpassing predictions and reflecting a year-over-year revenue increase of 16.8% with $8.13 billion in revenue.
• Recent analyst reports have set price targets for Mastercard, with Morgan Stanley increasing their target from $639.00 to $661.00, indicating a positive outlook with several ratings of "buy" and "overweight".

Aprio Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 22.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,627 shares of the credit services provider's stock after buying an additional 675 shares during the period. Aprio Wealth Management LLC's holdings in Mastercard were worth $1,988,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MA. GAMMA Investing LLC lifted its position in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Nuveen LLC purchased a new position in Mastercard in the first quarter worth about $4,238,764,000. Wellington Management Group LLP raised its position in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mastercard in the 4th quarter worth about $561,313,000. Finally, Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA traded down $11.43 during trading on Friday, hitting $584.21. The stock had a trading volume of 2,432,106 shares, compared to its average volume of 2,252,842. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market capitalization of $528.13 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50-day simple moving average of $572.59 and a two-hundred day simple moving average of $557.52.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. The company's revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is currently 20.50%.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,481 shares of company stock worth $32,616,595 over the last quarter. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MA shares. Royal Bank Of Canada increased their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Morgan Stanley increased their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $626.54.

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.