YorkBridge Wealth Partners LLC Has $3.71 Million Position in Mastercard (MA)

YorkBridge Wealth Partners LLC increased its holdings in Mastercard (NYSE:MA) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,536 shares of the credit services provider’s stock after acquiring an additional 828 shares during the quarter. Mastercard makes up about 1.8% of YorkBridge Wealth Partners LLC’s investment portfolio, making the stock its 7th largest position. YorkBridge Wealth Partners LLC’s holdings in Mastercard were worth $3,709,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MA. Voya Investment Management LLC lifted its position in shares of Mastercard by 2.1% during the second quarter. Voya Investment Management LLC now owns 2,885,005 shares of the credit services provider’s stock valued at $350,384,000 after buying an additional 59,948 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in shares of Mastercard by 5.1% during the second quarter. Summit Financial Wealth Advisors LLC now owns 1,869 shares of the credit services provider’s stock valued at $227,000 after buying an additional 90 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Mastercard during the second quarter valued at about $543,000. Stifel Financial Corp lifted its position in shares of Mastercard by 2.9% during the second quarter. Stifel Financial Corp now owns 644,324 shares of the credit services provider’s stock valued at $78,232,000 after buying an additional 18,285 shares during the last quarter. Finally, InterOcean Capital LLC lifted its position in shares of Mastercard by 6.4% during the second quarter. InterOcean Capital LLC now owns 113,208 shares of the credit services provider’s stock valued at $13,749,000 after buying an additional 6,765 shares during the last quarter. 76.04% of the stock is owned by institutional investors.

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In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $180.44, for a total value of $5,526,516.32. Following the transaction, the general counsel now owns 59,907 shares in the company, valued at approximately $10,809,619.08. The disclosure for this sale can be found here. Insiders have sold a total of 53,745 shares of company stock worth $9,222,084 in the last quarter. Insiders own 0.30% of the company’s stock.

Several analysts have commented on the stock. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target for the company in a research report on Wednesday, February 21st. Piper Jaffray Companies increased their price target on shares of Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Morgan Stanley increased their price target on shares of Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Barclays increased their price objective on shares of Mastercard from $178.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald increased their price objective on shares of Mastercard to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average price target of $177.40.

Shares of Mastercard stock opened at $171.83 on Friday. The company has a market cap of $180,659.33, a P/E ratio of 37.44, a PEG ratio of 1.58 and a beta of 1.17. Mastercard has a one year low of $110.33 and a one year high of $183.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. research analysts forecast that Mastercard will post 5.93 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s payout ratio is 27.40%.

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Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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