Revolve Wealth Partners LLC Lowers Stock Holdings in Mastercard Incorporated (NYSE:MA)

Revolve Wealth Partners LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 6.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,292 shares of the credit services provider’s stock after selling 299 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Mastercard were worth $1,894,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Altshuler Shaham Ltd purchased a new position in Mastercard in the 4th quarter valued at about $26,000. VitalStone Financial LLC boosted its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the last quarter. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the first quarter worth approximately $27,000. Palisade Asset Management LLC purchased a new stake in shares of Mastercard during the first quarter worth approximately $27,000. Finally, Scarborough Advisors LLC acquired a new position in Mastercard in the 4th quarter valued at $28,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE MA traded up $0.17 during trading hours on Friday, reaching $468.88. The stock had a trading volume of 1,922,047 shares, compared to its average volume of 2,490,054. The company has a market cap of $435.88 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 1.82 and a beta of 1.09. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The business’s fifty day moving average is $448.57 and its two-hundred day moving average is $458.17. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Citigroup increased their price target on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Susquehanna upped their price target on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. KeyCorp raised their price objective on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $508.91.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 104,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $453.25, for a total transaction of $47,138,000.00. Following the sale, the insider now owns 94,652,308 shares in the company, valued at $42,901,158,601. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the transaction, the insider now owns 15,183 shares in the company, valued at approximately $6,782,397.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 104,000 shares of Mastercard stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $453.25, for a total transaction of $47,138,000.00. Following the completion of the sale, the insider now owns 94,652,308 shares in the company, valued at $42,901,158,601. The disclosure for this sale can be found here. Insiders sold 1,627,175 shares of company stock worth $730,399,436 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

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.