Carr Financial Group Corp Acquires 49 Shares of Mastercard Incorporated $MA

Carr Financial Group Corp grew its stake in Mastercard Incorporated (NYSE:MA) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,654 shares of the credit services provider’s stock after purchasing an additional 49 shares during the quarter. Carr Financial Group Corp’s holdings in Mastercard were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MA. Vanguard Group Inc. lifted its stake in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $11,421,213,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,449 shares of company stock worth $21,974,441 in the last ninety days. Insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $569.51 on Wednesday. The business has a 50-day simple moving average of $578.24 and a 200 day simple moving average of $559.49. The stock has a market cap of $514.84 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.40 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MA. KeyCorp lifted their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $630.89.

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.