Mastercard Incorporated $MA Stock Holdings Lowered by Tompkins Financial Corp

Key Points

• Tompkins Financial Corp reduced its holdings in Mastercard by 2.9% during Q2, owning 21,977 shares which are now valued at approximately $12,350,000.
• Mastercard recently declared a quarterly $0.76 dividend, with an annualized yield of 0.5% and a payout ratio of 20.50%.
• Analysts maintain a consensus "Buy" rating for Mastercard, with target prices ranging from $630.89 to $670.00, indicating continued confidence in the company's performance.

Tompkins Financial Corp lessened its position in Mastercard Incorporated (NYSE:MA - Free Report) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,977 shares of the credit services provider's stock after selling 654 shares during the period. Mastercard makes up 1.1% of Tompkins Financial Corp's portfolio, making the stock its 26th biggest position. Tompkins Financial Corp's holdings in Mastercard were worth $12,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Swedbank AB grew its position in Mastercard by 24.2% in the 2nd quarter. Swedbank AB now owns 2,020,661 shares of the credit services provider's stock worth $1,135,490,000 after purchasing an additional 393,237 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Mastercard by 3.8% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 110,862 shares of the credit services provider's stock valued at $62,298,000 after buying an additional 4,091 shares during the last quarter. Signal Advisors Wealth LLC boosted its position in shares of Mastercard by 171.9% during the second quarter. Signal Advisors Wealth LLC now owns 4,728 shares of the credit services provider's stock worth $2,657,000 after buying an additional 2,989 shares during the period. Professional Financial Advisors LLC grew its holdings in Mastercard by 0.7% in the 2nd quarter. Professional Financial Advisors LLC now owns 2,926 shares of the credit services provider's stock worth $1,644,000 after buying an additional 21 shares in the last quarter. Finally, Threadgill Financial LLC increased its position in Mastercard by 0.4% in the 2nd quarter. Threadgill Financial LLC now owns 33,460 shares of the credit services provider's stock valued at $18,803,000 after acquiring an additional 134 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. KeyCorp raised their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Two investment 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 MarketBeat, Mastercard has a consensus rating of "Buy" and an average target price of $630.89.

Mastercard Price Performance

Shares of NYSE MA opened at $597.99 on Thursday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average of $576.11 and a two-hundred day moving average of $558.80. The company has a market capitalization of $540.59 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last released its 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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business's revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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 issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,094 shares of company stock worth $26,521,861. 0.09% of the stock is owned by corporate insiders.

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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.