Three Bridge Wealth Advisors LLC Purchases New Stake in Mastercard Incorporated $MA

Key Points

• Three Bridge Wealth Advisors LLC has acquired a new stake in Mastercard, purchasing 469 shares valued at approximately $264,000 during the second quarter.
• In a significant transaction, CFO J. Mehra Sachin sold 17,816 shares for over $10.4 million, resulting in a 36% decrease in his ownership of the stock.
• Mastercard recently reported quarterly earnings exceeding expectations, with EPS of $4.15 and a revenue of $8.13 billion, up 16.8% from the previous year.

Three Bridge Wealth Advisors LLC bought a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 469 shares of the credit services provider's stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the 1st quarter worth about $31,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard during the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard 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 directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of the 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 of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,391 shares of company stock worth $20,836,514. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Up 0.6%

Shares of Mastercard stock opened at $581.08 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The business has a fifty day simple moving average of $580.26 and a 200 day simple moving average of $561.85. The stock has a market cap of $525.30 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping 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 business had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same period in the previous year, the firm earned $3.50 earnings per share. The firm's quarterly revenue was up 16.8% compared to the same quarter last year. Research analysts predict 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, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's payout ratio is currently 20.50%.

Analysts Set New Price Targets

A number of research firms have issued reports on MA. TD Cowen reaffirmed a "buy" rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Mastercard in a research report on Saturday, September 27th. KeyCorp raised their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $630.89.

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.

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