1900 Wealth Management LLC Has $365,000 Holdings in Mastercard Incorporated (NYSE:MA)

1900 Wealth Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 41.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 855 shares of the credit services provider’s stock after selling 596 shares during the period. 1900 Wealth Management LLC’s holdings in Mastercard were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of Mastercard by 2.9% during the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after purchasing an additional 515,481 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Mastercard by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares in the last quarter. Royal Bank of Canada lifted its position in Mastercard by 1.1% in the 3rd quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after acquiring an additional 56,642 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Mastercard by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after acquiring an additional 16,019 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.8 %

Mastercard stock traded up $3.86 during midday trading on Tuesday, hitting $460.61. 584,366 shares of the stock were exchanged, compared to its average volume of 2,380,580. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock has a market capitalization of $429.70 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.73 and a beta of 1.08. The stock’s 50-day simple moving average is $471.66 and its 200 day simple moving average is $434.80. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the business earned $2.65 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders sold a total of 148,630 shares of company stock valued at $68,440,330 over the last 90 days. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Evercore ISI raised their target price on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Royal Bank of Canada increased their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Raymond James raised their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

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.