Atria Wealth Solutions Inc. Buys 2,802 Shares of Mastercard Incorporated (NYSE:MA)

Atria Wealth Solutions Inc. increased its holdings in Mastercard Incorporated (NYSE:MA) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,112 shares of the credit services provider’s stock after purchasing an additional 2,802 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Mastercard were worth $26,065,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MA. Cypress Wealth Services LLC lifted its position in Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the period. Syntegra Private Wealth Group LLC lifted its position in Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the period. TRUE Private Wealth Advisors lifted its position in Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after acquiring an additional 24 shares during the period. Indiana Trust & Investment Management CO lifted its position in Mastercard by 4.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares during the period. Finally, Tufton Capital Management raised its holdings in Mastercard by 4.5% in the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after buying an additional 26 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded down $0.32 during midday trading on Wednesday, reaching $462.50. 3,982,723 shares of the company were exchanged, compared to its average volume of 2,420,361. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The business’s fifty day moving average is $471.65 and its two-hundred day moving average is $435.45. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The stock has a market cap of $431.46 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Analyst Ratings Changes

Several research analysts have issued reports on MA shares. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Mizuho reaffirmed a “buy” rating and issued a $480.00 target price on shares of Mastercard in a report on Wednesday, March 27th. Robert W. Baird boosted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. The Goldman Sachs Group boosted their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Oppenheimer reissued an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total value of $49,863,140.00. Following the transaction, the insider now directly owns 97,215,308 shares in the company, valued at $44,472,114,797.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 257,630 shares of company stock valued at $118,303,470 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

About Mastercard

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.