Stonehage Fleming Financial Services Holdings Ltd Purchases 1,400 Shares of Mastercard Incorporated $MA

Key Points

• Stonehage Fleming Financial Services Holdings Ltd increased its stake in Mastercard, acquiring 1,400 shares, bringing their total ownership to 341,413 shares, valued at approximately $191.85 million.
• Recent insider transactions include Mastercard's CFO selling 17,263 shares for over $10 million, resulting in a 35.6% decrease in his ownership stake.
• Mastercard's stock has received positive analyst ratings, with multiple firms raising their price targets, citing an average target price of $634.04 and a consensus rating of "Buy."

Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 341,413 shares of the credit services provider's stock after purchasing an additional 1,400 shares during the quarter. Mastercard accounts for 5.6% of Stonehage Fleming Financial Services Holdings Ltd's portfolio, making the stock its 8th largest position. Stonehage Fleming Financial Services Holdings Ltd's holdings in Mastercard were worth $191,854,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard in the 1st quarter worth $31,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard in the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Mastercard in the 1st quarter worth $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on 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 completion of the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. KeyCorp raised their target price on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $634.04.

Mastercard Price Performance

MA opened at $556.80 on Friday. The stock has a market cap of $503.35 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year 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 stock has a fifty day moving average price of $581.01 and a 200 day moving average price of $562.86.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating 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 return on equity of 200.01% and a net margin of 44.93%.The business's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 earnings per share. Analysts forecast 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, November 7th. Investors 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 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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