Mastercard Incorporated (NYSE:MA) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,329 shares of the credit services provider's stock after acquiring an additional 1,546 shares during the period. CreativeOne Wealth LLC's holdings in Mastercard were worth $5,966,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MA. NewSquare Capital LLC bought a new stake in shares of Mastercard during the fourth quarter worth about $26,000. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter valued at $30,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard in the fourth quarter valued at $32,000. Truvestments Capital LLC lifted its holdings in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in Mastercard in the 4th quarter valued at approximately $37,000. Institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MA shares. Seaport Res Ptn cut Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Macquarie lifted their target price on shares of Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Morgan Stanley decreased their price objective on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $607.96.

Mastercard Price Performance

NYSE:MA traded up $4.03 during trading hours on Friday, reaching $517.46. The stock had a trading volume of 3,329,748 shares, compared to its average volume of 2,621,853. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $538.81 and a two-hundred day moving average price of $528.64. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The stock has a market capitalization of $471.77 billion, a PE ratio of 37.25, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard's dividend payout ratio (DPR) is 21.89%.

Mastercard 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.