Hibernia Wealth Partners LLC Lowers Holdings in Mastercard Incorporated (NYSE:MA)

by · The Markets Daily

Hibernia Wealth Partners LLC cut its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 880 shares of the credit services provider’s stock after selling 26 shares during the period. Hibernia Wealth Partners LLC’s holdings in Mastercard were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Palisade Asset Management LLC bought a new position in Mastercard in the first quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the 2nd quarter worth $35,000. Lowe Wealth Advisors LLC lifted its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC boosted its position in Mastercard by 55.0% during the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 33 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Susquehanna increased their price target on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Bank of America raised their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. KeyCorp upped their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Oppenheimer initiated coverage on Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Get Our Latest Stock Report on MA

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Mastercard Trading Down 0.6 %

Shares of Mastercard stock opened at $507.36 on Monday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $471.65 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The firm has a fifty day moving average price of $491.84 and a 200 day moving average price of $465.36.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities research analysts predict that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio is presently 20.99%.

Mastercard Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).