DRW Securities LLC Has $1.08 Million Position in Mastercard Incorporated $MA

Key Points

• DRW Securities LLC reduced its holdings in Mastercard by 78.3% during Q1, owning 1,974 shares valued at $1.08 million after selling 7,119 shares.
• Vanguard Group Inc. and other institutional investors increased their positions in Mastercard, with Vanguard acquiring 365,537 additional shares during the same period, bringing its total to approximately 77.5 million shares worth over $42.5 billion.
• Mastercard reported a net margin of 44.93% for the last quarter, achieving earnings per share of $4.15, exceeding estimates and demonstrating a year-over-year revenue growth of 16.8%.

DRW Securities LLC trimmed its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 78.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,974 shares of the credit services provider's stock after selling 7,119 shares during the period. DRW Securities LLC's holdings in Mastercard were worth $1,080,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after acquiring an additional 7,452 shares during the period. Mascagni Wealth Management Inc. acquired a new position in Mastercard during the 4th quarter valued at $73,000. Trustco Bank Corp N Y acquired a new stake in Mastercard in the 4th quarter worth $211,000. Finally, Aptus Capital Advisors LLC grew its position in Mastercard by 58.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 10,695 shares of the credit services provider's stock worth $5,632,000 after purchasing an additional 3,962 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

NYSE MA traded up $1.59 during trading on Thursday, reaching $594.87. 1,653,726 shares of the company traded hands, compared to its average volume of 2,779,682. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock's 50 day moving average price is $570.99 and its two-hundred day moving average price is $557.28. The company has a market cap of $537.77 billion, a price-to-earnings ratio of 40.11, a P/E/G ratio of 2.44 and a beta of 0.99. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $7.95 billion. During the same period in the previous year, the business earned $3.50 earnings per share. The company's quarterly revenue was up 16.8% on a year-over-year basis. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. KeyCorp upped their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $626.54.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on 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 transaction, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,481 shares of company stock valued at $32,616,595. Insiders own 0.09% of the company's stock.

About Mastercard

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.