Clear Harbor Asset Management LLC Sells 178 Shares of Mastercard Incorporated (NYSE:MA)

Clear Harbor Asset Management LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,126 shares of the credit services provider’s stock after selling 178 shares during the quarter. Mastercard makes up 0.8% of Clear Harbor Asset Management LLC’s holdings, making the stock its 29th largest holding. Clear Harbor Asset Management LLC’s holdings in Mastercard were worth $9,939,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Palisade Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard during the 2nd quarter worth $35,000. Lowe Wealth Advisors LLC grew its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares in the last quarter. Finally, Valued Wealth Advisors LLC grew its position in shares of Mastercard by 168.6% during the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock worth $45,000 after buying an additional 59 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.6 %

Shares of NYSE:MA opened at $507.36 on Friday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $518.82. The stock has a market cap of $471.65 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.27 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The business has a 50-day moving average price of $491.84 and a 200-day moving average price of $465.39.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Equities analysts predict that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Oppenheimer began coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Piper Sandler upped their price objective on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $525.68.

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.