OMC Financial Services LTD Has $19.99 Million Stake in Mastercard Incorporated $MA

Key Points

• OMC Financial Services LTD has reduced its stake in Mastercard Incorporated by 2.6%, owning 35,574 shares valued at approximately $19.99 million, which constitutes 8.2% of its portfolio.
• Mastercard recently reported $4.15 earnings per share for the last quarter, exceeding analysts' expectations, with revenue of $8.13 billion, marking a 16.8% increase year-over-year.
• The company announced a quarterly dividend of $0.76 per share, set to be paid on November 7th, reflecting an annualized yield of 0.5% and a payout ratio of 20.50%.

OMC Financial Services LTD cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,574 shares of the credit services provider's stock after selling 962 shares during the quarter. Mastercard makes up 8.2% of OMC Financial Services LTD's portfolio, making the stock its 3rd largest holding. OMC Financial Services LTD's holdings in Mastercard were worth $19,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in MA. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday, June 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Mastercard in a research note on Wednesday, October 8th. TD Cowen restated a "buy" rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $634.04.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.09% of the company's stock.

Mastercard Trading Up 2.1%

Mastercard stock opened at $561.42 on Friday. The firm has a 50 day simple moving average of $580.22 and a 200-day simple moving average of $563.27. 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 has a market capitalization of $507.53 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

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 analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. As a group, equities research analysts expect 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. Investors of record on Thursday, October 9th will be issued 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 is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

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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