Mastercard Incorporated $MA Shares Sold by Focus Financial Network Inc.

Key Points

• Focus Financial Network Inc. reduced its stock holdings in Mastercard by 28.2%, selling 1,375 shares and leaving them with 3,501 shares valued at approximately $1,968,000 as of the last SEC filing.
• Mastercard reported $4.15 EPS for the last quarter, surpassing analysts' expectations, with a revenue increase of 16.8% year-over-year, totaling $8.13 billion.
• A dividend of $0.76 per share will be paid on November 7th, with an annualized yield of 0.5% and a payout ratio of 20.50%.

Focus Financial Network Inc. reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 28.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,501 shares of the credit services provider's stock after selling 1,375 shares during the period. Focus Financial Network Inc.'s holdings in Mastercard were worth $1,968,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Flaharty Asset Management LLC acquired a new stake in Mastercard in the first quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the 1st quarter valued at $31,000. 10Elms LLP acquired a new stake in Mastercard during the 4th quarter valued at $33,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard in the first quarter worth $34,000. Finally, Sunbeam Capital Management LLC acquired a new position in shares of Mastercard in the fourth quarter worth $41,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 0.4%

Shares of NYSE:MA traded down $2.17 during trading on Friday, reaching $583.88. The stock had a trading volume of 6,744,713 shares, compared to its average volume of 2,280,804. The firm's fifty day moving average is $577.23 and its 200 day moving average is $559.09. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market cap of $527.83 billion, a price-to-earnings ratio of 39.37, a P/E/G ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Insider Buying and Selling at Mastercard

In other Mastercard news, 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 completion of the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,717 shares of company stock worth $22,684,831 over the last three months. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. KeyCorp upped their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada increased their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, TD Cowen reiterated a "buy" rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of "Buy" and an average price target of $630.89.

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.