Bleakley Financial Group LLC Has $14.49 Million Stake in Mastercard Incorporated (NYSE:MA)

Bleakley Financial Group LLC raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,432 shares of the credit services provider's stock after acquiring an additional 1,897 shares during the period. Bleakley Financial Group LLC's holdings in Mastercard were worth $14,488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of MA. BlackDiamond Wealth Management LLC raised its stake in Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after buying an additional 19 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its stake in Mastercard by 2.6% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after buying an additional 19 shares during the last quarter. Strategy Asset Managers LLC raised its stake in Mastercard by 2.1% during the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after buying an additional 19 shares during the last quarter. Phillips Wealth Planners LLC raised its stake in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after buying an additional 19 shares during the last quarter. Finally, Alta Wealth Advisors LLC raised its stake in Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MA. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Activity

In related news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,753 shares of company stock worth $20,351,084. Corporate insiders own 0.09% of the company's stock.

Mastercard Trading Down 2.4%

Shares of Mastercard stock opened at $550.04 on Monday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50-day simple moving average of $568.42 and a two-hundred day simple moving average of $547.84. The company has a market cap of $501.48 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is 21.32%.

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.

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