IHT Wealth Management LLC Has $5.51 Million Holdings in Mastercard Incorporated (NYSE:MA)

IHT Wealth Management LLC cut its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,455 shares of the credit services provider's stock after selling 1,496 shares during the quarter. IHT Wealth Management LLC's holdings in Mastercard were worth $5,505,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. J. Safra Sarasin Holding AG boosted its holdings in shares of Mastercard by 15.8% in the 4th quarter. J. Safra Sarasin Holding AG now owns 166,410 shares of the credit services provider's stock valued at $87,626,000 after buying an additional 22,644 shares during the last quarter. Stifel Financial Corp grew its position in shares of Mastercard by 2.6% in the 4th quarter. Stifel Financial Corp now owns 694,084 shares of the credit services provider's stock valued at $365,521,000 after acquiring an additional 17,283 shares during the period. Optivise Advisory Services LLC bought a new position in shares of Mastercard in the 4th quarter valued at about $202,000. Wealth Dimensions Group Ltd. increased its stake in shares of Mastercard by 73.2% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 1,782 shares of the credit services provider's stock worth $938,000 after purchasing an additional 753 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Mastercard by 0.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 107,622 shares of the credit services provider's stock valued at $56,735,000 after purchasing an additional 623 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

MA stock traded down $2.20 during midday trading on Friday, reaching $533.26. 2,006,113 shares of the stock were exchanged, compared to its average volume of 2,625,192. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $486.18 billion, a PE ratio of 38.39, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The company has a fifty day moving average price of $534.04 and a 200 day moving average price of $529.89.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. Mastercard's dividend payout ratio is 21.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Macquarie boosted their price target on Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Seaport Res Ptn downgraded Mastercard from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $607.96.

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.