Atria Wealth Solutions Inc. Has $26.06 Million Stake in Mastercard Incorporated (NYSE:MA)

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Mastercard Inc. by 6.9%, ending the first quarter with $26.06 million in holdings.
• Mastercard's recent earnings report showed a profit of $4.15 per share, exceeding expectations and indicating a 16.8% revenue increase year-over-year.
• Analysts have set varied price targets for Mastercard, with estimates ranging from $610.00 to $661.00, reflecting a general consensus of a "Moderate Buy" rating.

Atria Wealth Solutions Inc. cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,545 shares of the credit services provider's stock after selling 3,547 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Mastercard were worth $26,061,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MA. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the fourth quarter worth $31,000. Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $33,000. 10Elms LLP acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Mastercard in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of MA stock traded down $7.78 during trading hours on Thursday, reaching $561.35. The stock had a trading volume of 2,979,577 shares, compared to its average volume of 2,598,424. The firm has a market capitalization of $511.79 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 2.34 and a beta of 1.03. The firm has a 50-day simple moving average of $564.08 and a 200-day simple moving average of $552.92. Mastercard Incorporated has a twelve month low of $451.03 and a twelve month high of $594.71. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating 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 company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Citigroup upped their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $615.33.

Insider Activity at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,603 shares of company stock valued at $20,265,667. Insiders own 0.09% of the company's stock.

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.