Mastercard Incorporated $MA Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC has increased its stake in Mastercard Incorporated by 10.9%, acquiring a total of 16,575 shares valued at approximately $9.31 million.
• Mastercard recently announced a quarterly dividend of $0.76 per share, resulting in an annualized yield of 0.5%, with the ex-dividend date set for October 9th.
• The company reported strong quarterly earnings with an EPS of $4.15, outperforming analyst expectations and showing a year-over-year revenue increase of 16.8%.

Farther Finance Advisors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,575 shares of the credit services provider's stock after acquiring an additional 1,629 shares during the quarter. Farther Finance Advisors LLC's holdings in Mastercard were worth $9,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the first quarter worth $31,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard in the first quarter worth $34,000. Finally, Sunbeam Capital Management LLC bought a new stake in Mastercard in the 4th quarter valued at $41,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly 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. Over the last quarter, insiders sold 37,449 shares of company stock worth $21,974,441. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Royal Bank Of Canada increased their price target on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. TD Cowen reaffirmed a "buy" rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Finally, KeyCorp upped their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two investment 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $630.89.

Mastercard Stock Down 1.6%

NYSE MA traded down $9.33 on Tuesday, reaching $575.16. 1,446,632 shares of the stock traded hands, compared to its average volume of 2,779,980. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market cap of $519.95 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 2.39 and a beta of 0.99. The company has a fifty day moving average price of $577.86 and a 200-day moving average price of $559.42. 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 (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during 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 revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.