SYM FINANCIAL Corp Cuts Stake in Mastercard Incorporated (NYSE:MA)

SYM FINANCIAL Corp lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,461 shares of the credit services provider's stock after selling 606 shares during the period. Mastercard comprises approximately 0.3% of SYM FINANCIAL Corp's holdings, making the stock its 25th largest holding. SYM FINANCIAL Corp's holdings in Mastercard were worth $2,445,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard during the 4th quarter worth approximately $31,000. Navigoe LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. 10Elms LLP bought a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Truist Financial dropped their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, KeyCorp boosted their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $612.90.

Mastercard Stock Performance

Shares of NYSE:MA traded up $4.68 during midday trading on Friday, hitting $568.18. The company had a trading volume of 1,513,080 shares, compared to its average volume of 2,575,199. Mastercard Incorporated has a 12-month low of $432.11 and a 12-month high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $518.02 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 2.44 and a beta of 1.02. The company has a fifty day moving average of $565.61 and a two-hundred day moving average of $549.91.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's payout ratio is 21.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider directly owned 58,451 shares of the company's stock, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 in the last 90 days. 0.09% of the stock is currently owned by insiders.

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.