Mastercard Incorporated (NYSE:MA) Shares Sold by Voya Financial Advisors Inc.

Voya Financial Advisors Inc. lessened its stake in Mastercard Incorporated (NYSE:MA) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,063 shares of the credit services provider’s stock after selling 130 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Mastercard were worth $2,993,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Temasek Holdings Private Ltd increased its holdings in shares of Mastercard by 2.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Mastercard by 3.2% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 19,020 shares of the credit services provider’s stock valued at $9,392,000 after purchasing an additional 588 shares in the last quarter. Sora Investors LLC increased its holdings in shares of Mastercard by 40.0% in the 3rd quarter. Sora Investors LLC now owns 35,000 shares of the credit services provider’s stock valued at $17,283,000 after purchasing an additional 10,000 shares in the last quarter. State Street Corp increased its holdings in Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after acquiring an additional 257,312 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Mastercard by 3.5% during the 3rd quarter. Stifel Financial Corp now owns 676,801 shares of the credit services provider’s stock valued at $334,237,000 after acquiring an additional 22,915 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Macquarie raised their target price on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Bank of America raised their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Mizuho raised their target price on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Barclays raised their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Trading Up 0.7 %

Shares of MA stock opened at $524.91 on Friday. The stock has a market cap of $481.78 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 2.34 and a beta of 1.10. The firm’s 50 day moving average price is $513.14 and its two-hundred day moving average price is $478.04. Mastercard Incorporated has a fifty-two week low of $407.15 and a fifty-two week high of $535.77. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted 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. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.39 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

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.