Golden State Wealth Management LLC Buys 1,701 Shares of Mastercard Incorporated (NYSE:MA)

Golden State Wealth Management LLC lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 150.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,830 shares of the credit services provider's stock after acquiring an additional 1,701 shares during the quarter. Golden State Wealth Management LLC's holdings in Mastercard were worth $1,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Navigoe LLC bought a new position in Mastercard in the fourth quarter worth approximately $33,000. Finally, 10Elms LLP purchased a new position in shares of Mastercard during the 4th quarter worth $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,115 shares of company stock valued at $18,324,718 over the last 90 days. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MA. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Stock Performance

NYSE:MA opened at $550.02 on Thursday. The firm has a market capitalization of $501.46 billion, a PE ratio of 38.57, a PEG ratio of 2.43 and a beta of 1.05. The stock's fifty day moving average is $561.86 and its 200 day moving average is $545.04. 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.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.31 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

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.

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