OneAscent Wealth Management LLC Has $547,000 Holdings in Mastercard Incorporated (NYSE:MA)

OneAscent Wealth Management LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 38.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,039 shares of the credit services provider’s stock after selling 662 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Mastercard were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in Mastercard during the fourth quarter worth $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the fourth quarter worth $32,000. Truvestments Capital LLC increased its stake in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 25 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Mastercard during the 4th quarter worth about $37,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Down 3.0 %

Shares of MA stock opened at $540.57 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $492.84 billion, a P/E ratio of 38.92, a PEG ratio of 2.37 and a beta of 1.10. The company has a 50 day moving average of $550.58 and a 200-day moving average of $526.65. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard announced that its board has authorized a share buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. Mastercard’s dividend payout ratio is presently 21.89%.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Susquehanna boosted their price objective on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Royal Bank of Canada increased their target price on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective on the stock in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard 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.