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Mastercard Inc. (NYSE:MA), the $510 billion financial services giant, saw its President and CEO Michael Miebach recently sell a significant portion of his holdings in the company. According to a SEC filing, Miebach sold 15,775 shares of Class A Common Stock on March 26, 2025. The shares were sold at an average price of $550.1564, amounting to a total transaction value of approximately $8.68 million. The stock currently trades at $557.53, with InvestingPro analysis indicating the company is trading at a relatively high P/E ratio of 40.
The transaction was executed under a pre-planned trading agreement established for personal financial management purposes, in line with Rule 10b5-1 of the Securities Exchange Act of 1934. This plan was adopted on November 18, 2024. Following this sale, Miebach retains ownership of 84,870.721 shares. According to InvestingPro, Mastercard maintains an overall "GREAT" financial health score, with 12+ additional exclusive insights available to subscribers.
This sale was conducted in multiple trades, with share prices ranging from $550.00 to $550.34, and reflects the weighted average sales price. Miebach has committed to providing detailed transaction information upon request to relevant parties, including the SEC and Mastercard security holders. The company has maintained consistent dividend payments for 20 consecutive years, with a current dividend yield of 0.55%.
In other recent news, Mastercard reported a 12% increase in net revenue for 2024, reaching $28.2 billion, highlighting the company’s successful integration of blockchain technology and digital currencies into its payment services. The company has tokenized 30% of its transactions, demonstrating an increased focus on digital security measures. Mastercard’s collaboration with various crypto players allows consumers to purchase cryptocurrencies using their cards, indicating the company’s acknowledgment of stablecoins and other cryptocurrencies as potential disruptors in financial services. Tigress Financial Partners maintained a Strong Buy rating on Mastercard and increased the price target to $685, attributing this to Mastercard’s growth in electronic payments and cybersecurity needs.
Mastercard’s fourth-quarter 2024 revenue rose by 14% year-over-year, reaching $7.49 billion, driven by a 12% rise in gross dollar volume and a 20% increase in cross-border volume. In personnel changes, Mastercard appointed Tim Murphy as Vice Chair, with Richard R. Verma rejoining as Chief Administrative Officer, both effective May 1. These appointments are part of Mastercard’s strategy to enhance its executive team. Meanwhile, Visa (NYSE:V) and Mastercard are reportedly considering re-entering the Russian market after suspending operations in March 2022 due to geopolitical tensions.
UBS recently highlighted Visa and Mastercard’s strengths in cross-border transactions, noting their robust global networks and partnerships that enhance their competitive edge. The report emphasized the resilience of these transactions against challenges like nationalism and domestic regulations, underscoring their importance to the companies’ business models.
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