Allworth Financial LP Has $19.23 Million Stake in Mastercard Incorporated (NYSE:MA)

Allworth Financial LP boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,916 shares of the credit services provider's stock after purchasing an additional 1,414 shares during the period. Allworth Financial LP's holdings in Mastercard were worth $19,231,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Founders Financial Alliance LLC increased its holdings in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after buying an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC boosted its stake in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after acquiring an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC grew its holdings in shares of Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after acquiring an additional 19 shares during the period. Strategy Asset Managers LLC increased its stake in Mastercard by 2.1% in the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after purchasing an additional 19 shares in the last quarter. Finally, Phillips Wealth Planners LLC raised its holdings in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target on the stock. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Macquarie dropped their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,753 shares of company stock valued at $20,351,084. Company insiders own 0.09% of the company's stock.

Mastercard Stock Down 0.1%

Mastercard stock traded down $0.77 during midday trading on Thursday, hitting $564.34. 2,577,223 shares of the stock were exchanged, compared to its average volume of 2,669,861. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The firm has a market cap of $514.51 billion, a P/E ratio of 39.57, a P/E/G ratio of 2.45 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day moving average price of $568.25 and a two-hundred day moving average price of $547.33.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the business earned $3.31 EPS. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, sell-side 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. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is currently 21.32%.

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.