Empirical Financial Services LLC d.b.a. Empirical Wealth Management Buys 1,121 Shares of Mastercard Incorporated $MA

Key Points

• Empirical Financial Services LLC increased its stake in Mastercard by 20.8%, acquiring an additional 1,121 shares and bringing its total holdings to 6,523 shares valued at approximately $3.67 million.
• Mastercard's recent quarterly earnings reported $4.15 EPS, exceeding analysts' expectations of $4.05, with quarterly revenue increasing by 16.8% year-over-year to $8.13 billion.
• The company declared a quarterly dividend of $0.76 per share, which translates to an annualized dividend of $3.04 and a yield of 0.5%, payable on November 7th to shareholders of record as of October 9th.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 20.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,523 shares of the credit services provider's stock after purchasing an additional 1,121 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Mastercard were worth $3,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. ORG Partners LLC boosted its position in shares of Mastercard by 73.2% during the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider's stock valued at $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC boosted its position in shares of Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after acquiring an additional 518 shares during the last quarter. Fortis Advisors LLC boosted its position in shares of Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its position in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after acquiring an additional 185 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Mastercard by 4.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider's stock valued at $3,632,000 after acquiring an additional 264 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $581.08 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business's 50 day simple moving average is $580.26 and its two-hundred day simple moving average is $561.67. The stock has a market capitalization of $525.30 billion, a P/E ratio of 39.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $8.13 billion for 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 business's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's payout ratio is 20.50%.

Insider Buying and Selling

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock worth $20,836,514 over the last ninety days. Insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. KeyCorp raised their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, TD Cowen reissued a "buy" rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $630.89.

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.

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