Marshall Financial Group LLC Has $1.87 Million Position in Mastercard Incorporated (NYSE:MA)

Marshall Financial Group LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 3.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,872 shares of the credit services provider’s stock after buying an additional 144 shares during the period. Marshall Financial Group LLC’s holdings in Mastercard were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC acquired a new position in shares of Mastercard in the first quarter valued at $27,000. VitalStone Financial LLC increased its holdings in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the fourth quarter valued at about $26,000. LFA Lugano Financial Advisors SA bought a new position in Mastercard during the fourth quarter worth about $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard in the 4th quarter worth about $28,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.8 %

Mastercard stock traded up $3.53 during trading hours on Thursday, hitting $448.18. The stock had a trading volume of 3,192,350 shares, compared to its average volume of 2,526,183. The business’s 50 day simple moving average is $450.47 and its 200-day simple moving average is $453.59. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The stock has a market cap of $416.63 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 1.74 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the business earned $2.80 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Hai Ling sold 2,892 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the completion of the sale, the insider now directly owns 21,420 shares in the company, valued at $9,853,200. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Insiders have sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 over the last 90 days. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Susquehanna reaffirmed a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Piper Sandler started coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Evercore ISI reduced their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Mizuho dropped their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $496.91.

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.