B. Riley Wealth Advisors Inc. Has $13.82 Million Holdings in Mastercard Incorporated (NYSE:MA)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,950 shares of the credit services provider’s stock after selling 2,415 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Mastercard were worth $13,815,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares in the last quarter. Bank of Montreal Can raised its holdings in Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after buying an additional 1,965,782 shares during the last quarter. FMR LLC lifted its stake in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after buying an additional 453,773 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. increased its position in shares of Mastercard by 52.8% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after acquiring an additional 409,334 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, 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 23.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $529.00 on Friday. The stock’s 50-day simple moving average is $517.23 and its two-hundred day simple moving average is $481.15. Mastercard Incorporated has a twelve month low of $411.60 and a twelve month high of $536.75. The firm has a market capitalization of $485.53 billion, a P/E ratio of 40.02, a P/E/G ratio of 2.38 and a beta of 1.10. 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 announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share 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 analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $3.39 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup lifted their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research report on Thursday, November 14th. Jefferies Financial Group lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Mizuho boosted their price target on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $559.28.

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.