Allspring Global Investments Holdings LLC Decreases Position in Mastercard Incorporated (NYSE:MA)

Allspring Global Investments Holdings LLC cut its position in Mastercard Incorporated (NYSE:MA - Free Report) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 495,703 shares of the credit services provider's stock after selling 53,803 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.05% of Mastercard worth $244,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Direct Indexing L.P. lifted its holdings in shares of Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider's stock worth $9,897,000 after acquiring an additional 2,556 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Mastercard in the first quarter valued at approximately $608,000. SteelPeak Wealth LLC grew its stake in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider's stock worth $2,174,000 after buying an additional 1,612 shares during the last quarter. Sarasin & Partners LLP increased its holdings in shares of Mastercard by 2.2% during the first quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider's stock worth $353,897,000 after buying an additional 15,756 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at $2,938,000. Institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MA shares. Barclays upped their target price on Mastercard from $536.00 to $576.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Piper Sandler raised their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. BMO Capital Markets reissued an "outperform" rating and set a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Bank of America upped their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a "neutral" rating in a research report on Tuesday, September 17th. Finally, TD Cowen boosted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $524.64.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares of the company's stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company's stock, valued at $43,113,923,465.68. 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 worth $159,610,703 in the last quarter. Insiders own 0.10% of the company's stock.

Mastercard Stock Up 0.5 %

Mastercard stock traded up $2.58 during midday trading on Friday, reaching $516.34. The stock had a trading volume of 2,604,684 shares, compared to its average volume of 2,442,889. The company has a fifty day moving average price of $486.90 and a two-hundred day moving average price of $464.01. The company has a market capitalization of $480.00 billion, a P/E ratio of 41.04, a PEG ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $518.00.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts' consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. As a group, equities analysts expect that Mastercard Incorporated will post 14.3 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard's dividend payout ratio is currently 20.99%.

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.