SC&H Financial Advisors Inc. Reduces Holdings in Mastercard Incorporated (NYSE:MA)

SC&H Financial Advisors Inc. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,849 shares of the credit services provider’s stock after selling 98 shares during the quarter. SC&H Financial Advisors Inc.’s holdings in Mastercard were worth $1,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter worth $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the second quarter worth $35,000. Lowe Wealth Advisors LLC raised its holdings in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC raised its holdings in shares of Mastercard by 55.0% in the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets restated an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Compass Point initiated coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Barclays increased their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their price objective on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Trading Down 0.1 %

NYSE:MA opened at $507.75 on Tuesday. Mastercard Incorporated has a one year low of $364.72 and a one year high of $518.82. The company has a market cap of $472.01 billion, a PE ratio of 40.39, a PEG ratio of 2.27 and a beta of 1.10. The firm has a 50-day moving average of $492.66 and a 200-day moving average of $465.65. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities research analysts expect that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. Insiders own 0.10% of the company’s stock.

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.