Forum Financial Management LP Acquires 398 Shares of Mastercard Incorporated $MA

Forum Financial Management LP boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 8.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,845 shares of the credit services provider’s stock after purchasing an additional 398 shares during the period. Forum Financial Management LP’s holdings in Mastercard were worth $2,723,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MA. LGT Financial Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the first quarter worth $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard during the second quarter worth $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $570.57 on Thursday. The stock has a market capitalization of $515.80 billion, a P/E ratio of 38.47, a P/E/G ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a 50-day moving average price of $579.88 and a two-hundred day moving average price of $564.14.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share 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 analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.50 EPS. Equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared 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 of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MA shares. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. KeyCorp restated an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research note on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Truist Financial reduced their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Finally, Citigroup started coverage on shares of Mastercard in a report on Wednesday. They issued a “buy” rating and a $735.00 price target for the company. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $638.00.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.