Hyperion Asset Management Ltd Has $61.75 Million Stock Holdings in Mastercard Incorporated $MA

Key Points

• Hyperion Asset Management Ltd increased its holdings in Mastercard to approximately $61.75 million, owning 109,882 shares after a 7.4% increase in the second quarter.
• Mastercard's stock recently opened at $584.64, with a one-year price range between $465.59 and $601.77, and the company reported a 16.8% year-over-year revenue growth.
• Insider transactions revealed that CFO J. Mehra Sachin sold 17,816 shares, a 36.32% decrease in ownership, demonstrating potential insider selling pressure during the recent stock activity.

Hyperion Asset Management Ltd lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,882 shares of the credit services provider's stock after buying an additional 7,563 shares during the period. Mastercard comprises about 1.9% of Hyperion Asset Management Ltd's portfolio, making the stock its 16th biggest holding. Hyperion Asset Management Ltd's holdings in Mastercard were worth $61,747,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MA. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC bought a new stake in Mastercard during the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard during the 1st quarter worth $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider directly owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the company'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 value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,449 shares of company stock valued at $21,974,441 in the last 90 days. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Up 0.1%

Shares of Mastercard stock opened at $584.64 on Tuesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. 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 stock's 50-day moving average is $577.86 and its 200 day moving average is $559.42. The firm has a market cap of $528.52 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.39 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The firm's revenue for the quarter was up 16.8% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. 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 dividend payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MA. 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. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. TD Cowen reiterated a "buy" rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Mastercard currently 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.

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