Mastercard Incorporated $MA Shares Sold by Community Financial Services Group LLC

Community Financial Services Group LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 7.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 745 shares of the credit services provider’s stock after selling 60 shares during the quarter. Community Financial Services Group LLC’s holdings in Mastercard were worth $419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MA. Brighton Jones LLC boosted its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the period. Whipplewood Advisors LLC boosted its position in shares of Mastercard by 9.3% in the first quarter. Whipplewood Advisors LLC now owns 411 shares of the credit services provider’s stock worth $225,000 after buying an additional 35 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Mastercard by 1,468.9% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 706 shares of the credit services provider’s stock worth $387,000 after buying an additional 661 shares during the period. Apella Capital LLC acquired a new stake in shares of Mastercard in the first quarter worth $337,000. Finally, Amplius Wealth Advisors LLC boosted its position in shares of Mastercard by 3.6% in the first quarter. Amplius Wealth Advisors LLC now owns 1,459 shares of the credit services provider’s stock worth $800,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $574.40 on Thursday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The business has a 50-day moving average of $579.73 and a two-hundred day moving average of $561.01. The stock has a market capitalization of $519.26 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Finally, KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $630.89.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock worth $20,836,514 over the last quarter. 0.09% of the stock is currently owned by corporate insiders.

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.