Mastercard Incorporated (NYSE:MA) is Centric Wealth Management’s 10th Largest Position

Centric Wealth Management cut its position in Mastercard Incorporated (NYSE:MA) by 0.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,631 shares of the credit services provider’s stock after selling 42 shares during the quarter. Mastercard comprises about 1.4% of Centric Wealth Management’s holdings, making the stock its 10th largest position. Centric Wealth Management’s holdings in Mastercard were worth $5,540,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Highline Wealth Partners LLC purchased a new position in Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the second quarter worth $34,000. First Personal Financial Services purchased a new position in shares of Mastercard in the third quarter valued at $39,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $532.38 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $534.03. The firm has a market cap of $488.63 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.37 and a beta of 1.10. The business’s 50 day moving average price is $509.57 and its 200-day moving average price is $475.63.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the firm earned $3.39 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MA shares. BMO Capital Markets upped their price target on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Susquehanna upped their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up from $565.00) on shares of Mastercard in a research report on Friday, November 15th. UBS Group increased their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Mizuho boosted their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $549.16.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

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.