OVERSEA CHINESE BANKING Corp Ltd Sells 3,612 Shares of Mastercard Incorporated (NYSE:MA)

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,667 shares of the credit services provider's stock after selling 3,612 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Mastercard were worth $28,855,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MA. BlackDiamond Wealth Management LLC grew 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 valued at $445,000 after buying an additional 19 shares during the period. Fi3 FINANCIAL ADVISORS LLC lifted its holdings in shares of Mastercard by 2.6% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after acquiring an additional 19 shares in the last quarter. Strategy Asset Managers LLC lifted its holdings in shares of Mastercard by 2.1% during the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after acquiring an additional 19 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after acquiring an additional 19 shares in the last quarter. Finally, Alta Wealth Advisors LLC lifted its holdings in shares of Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after acquiring an additional 19 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE MA opened at $550.04 on Monday. The company has a 50-day moving average price of $568.42 and a two-hundred day moving average price of $547.84. The stock has a market cap of $501.48 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $3.31 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MA. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. KeyCorp boosted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Truist Financial assumed coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Seven investment 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 data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $611.50.

Insider Buying and Selling

In other 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 transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 over the last ninety days. 0.09% of the stock is currently owned by company 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.

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