HB Wealth Management LLC Buys 26,995 Shares of Mastercard Incorporated (NYSE:MA)

Key Points

• HB Wealth Management LLC increased its stake in Mastercard by 116.1% in Q1, acquiring an additional 26,995 shares, bringing its total holdings to 50,240 shares worth $27.54 million.
• Insider Craig Vosburg sold 14,051 shares of Mastercard in June, representing a 19.38% decrease in his ownership; insiders have collectively sold 38,753 shares worth over $20 million in the last three months.
• Analysts have shown positive sentiment towards Mastercard, with 25 buy ratings and a recently adjusted average price target of $612.90, indicating a consensus rating of "Moderate Buy."

HB Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 116.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,240 shares of the credit services provider's stock after acquiring an additional 26,995 shares during the period. HB Wealth Management LLC's holdings in Mastercard were worth $27,538,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in Mastercard in the 4th quarter worth approximately $73,000. Trustco Bank Corp N Y bought a new position in Mastercard in the 4th quarter worth approximately $211,000. Finally, Financial Engines Advisors L.L.C. grew its holdings in Mastercard by 8.1% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 1,929 shares of the credit services provider's stock valued at $1,016,000 after buying an additional 144 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $650.00 price target on shares of Mastercard in a report on Tuesday, July 15th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $612.90.

Mastercard Price Performance

Mastercard stock traded down $1.57 during mid-day trading on Wednesday, hitting $561.75. The company's stock had a trading volume of 1,254,931 shares, compared to its average volume of 2,806,154. Mastercard Incorporated has a twelve month low of $439.59 and a twelve month high of $594.71. The stock's fifty day moving average price is $564.93 and its two-hundred day moving average price is $550.91. The stock has a market capitalization of $512.15 billion, a P/E ratio of 39.49, a P/E/G ratio of 2.46 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company posted $3.31 EPS. The business's quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is 21.32%.

Insider Activity

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred 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 sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock valued at $20,351,084 over the last three months. 0.09% of the stock is currently owned by insiders.

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.