Stonehage Fleming Financial Services Holdings Ltd Buys 1,400 Shares of Mastercard Incorporated $MA

Stonehage Fleming Financial Services Holdings Ltd grew its position in Mastercard Incorporated (NYSE:MA) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,413 shares of the credit services provider’s stock after purchasing an additional 1,400 shares during the quarter. Mastercard makes up approximately 5.6% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 8th largest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Mastercard were worth $191,854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of MA. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the first quarter worth about $31,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard during the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard during the 1st quarter worth about $44,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MA shares. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Finally, Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $634.04.

Mastercard Price Performance

Shares of MA stock opened at $556.80 on Friday. The stock has a 50 day moving average of $581.01 and a two-hundred day moving average of $562.86. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS 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 the consensus estimate of $7.95 billion. During the same quarter last year, the company earned $3.50 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business 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. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

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.