Pathstone Holdings LLC Has $74.19 Million Holdings in Mastercard Incorporated (NYSE:MA)

Pathstone Holdings LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 150,244 shares of the credit services provider’s stock after purchasing an additional 3,913 shares during the period. Pathstone Holdings LLC’s holdings in Mastercard were worth $74,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard in the 2nd quarter worth about $34,000. Fairway Wealth LLC bought a new stake in Mastercard in the 2nd quarter worth about $35,000. First Personal Financial Services purchased a new stake in Mastercard in the 3rd quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC lifted its position 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 buying an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The stock was 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 in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following 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 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock valued at $46,797,168 over the last three months. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Down 0.0 %

MA opened at $521.63 on Tuesday. The firm has a market capitalization of $478.77 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a one year low of $398.26 and a one year high of $534.03. The company has a fifty day moving average price of $504.78 and a 200-day moving average price of $471.95. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business earned $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. KeyCorp raised their target price on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Citigroup raised their price objective on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, TD Cowen boosted their target price on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Company 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.