Mastercard Incorporated $MA Shares Sold by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC reduced its holdings in Mastercard by 6.0%, now owning 14,361 shares valued at approximately $7.87 million.
• Mastercard recently announced a quarterly dividend of $0.76 per share, reflecting an annualized payout of $3.04 and a yield of 0.5%.
• In the last ninety days, insiders sold a total of 59,481 shares of Mastercard, valued at approximately $32.62 million.

Integrated Wealth Concepts LLC decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,361 shares of the credit services provider's stock after selling 914 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Mastercard were worth $7,871,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Interval Partners LP increased its stake in Mastercard by 61.4% during the 1st quarter. Interval Partners LP now owns 14,659 shares of the credit services provider's stock worth $8,035,000 after buying an additional 5,579 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Mastercard by 21.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 484,874 shares of the credit services provider's stock valued at $265,769,000 after purchasing an additional 84,328 shares in the last quarter. Greenline Partners LLC grew its position in shares of Mastercard by 0.5% in the first quarter. Greenline Partners LLC now owns 9,677 shares of the credit services provider's stock valued at $5,304,000 after purchasing an additional 44 shares in the last quarter. Hancock Whitney Corp grew its position in shares of Mastercard by 4.0% in the first quarter. Hancock Whitney Corp now owns 5,416 shares of the credit services provider's stock valued at $2,969,000 after purchasing an additional 208 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its position in Mastercard by 10.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 12,516 shares of the credit services provider's stock worth $6,860,000 after acquiring an additional 1,181 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Up 0.6%

Mastercard stock traded up $3.27 during midday trading on Monday, reaching $587.49. The company's stock had a trading volume of 1,948,132 shares, compared to its average volume of 2,229,058. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market cap of $531.10 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.40 and a beta of 0.99. The business has a 50-day simple moving average of $573.10 and a 200-day simple moving average of $557.69.

Mastercard (NYSE:MA - Get Free Report) last posted 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 period last year, the firm earned $3.50 earnings per share. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm's 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. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,481 shares of company stock valued at $32,616,595. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. KeyCorp raised their price target on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Royal Bank Of Canada raised their price target on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $626.54.

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.