OMC Financial Services LTD Takes Position in Mastercard Incorporated (NYSE:MA)

OMC Financial Services LTD acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,075 shares of the credit services provider’s stock, valued at approximately $17,854,000. Mastercard makes up 9.1% of OMC Financial Services LTD’s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors have also added to or reduced their stakes in MA. EverSource Wealth Advisors LLC increased its holdings in shares of Mastercard by 4.7% during the first quarter. EverSource Wealth Advisors LLC now owns 4,952 shares of the credit services provider’s stock worth $2,234,000 after buying an additional 222 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Mastercard by 56.1% during the first quarter. Westwood Holdings Group Inc. now owns 1,094 shares of the credit services provider’s stock worth $527,000 after buying an additional 393 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Mastercard by 4.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,309,726 shares of the credit services provider’s stock worth $624,195,000 after buying an additional 53,096 shares in the last quarter. Tactive Advisors LLC acquired a new position in shares of Mastercard during the first quarter worth $343,000. Finally, Motiv8 Investments LLC increased its holdings in shares of Mastercard by 25.1% during the first quarter. Motiv8 Investments LLC now owns 1,391 shares of the credit services provider’s stock worth $670,000 after buying an additional 279 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders have sold 2,462,228 shares of company stock worth $1,110,349,560 in the last quarter. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MA. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday. Citigroup boosted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays reduced their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. BNP Paribas raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Susquehanna boosted their price objective on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $507.27.

Mastercard Stock Down 0.1 %

Shares of MA traded down $0.39 on Friday, reaching $462.02. The company’s stock had a trading volume of 3,808,080 shares, compared to its average volume of 2,706,904. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The stock has a market capitalization of $429.50 billion, a PE ratio of 36.73, a PEG ratio of 1.82 and a beta of 1.09. The firm has a fifty day moving average of $446.48 and a 200-day moving average of $456.63.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business posted $2.80 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 14.27 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is presently 20.99%.

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.