Financial Management Professionals Inc. Sells 37 Shares of Mastercard Incorporated (NYSE:MA)

Financial Management Professionals Inc. lowered its stake in Mastercard Incorporated (NYSE:MA) by 7.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 492 shares of the credit services provider’s stock after selling 37 shares during the quarter. Financial Management Professionals Inc.’s holdings in Mastercard were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MA. Activest Wealth Management boosted its stake in shares of Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 250 shares during the period. Cross Staff Investments Inc boosted its stake in Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA grew its holdings in Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after buying an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after buying an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its holdings in shares of Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the transaction, the insider now directly owns 3,463 shares of the company’s stock, valued at $1,572,202. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock worth $1,428,540,870 over the last three months. 0.10% of the stock is owned by corporate insiders.

Mastercard Trading Down 0.4 %

MA stock opened at $441.16 on Friday. The company has a market capitalization of $410.11 billion, a PE ratio of 35.07, a P/E/G ratio of 1.73 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The firm’s 50-day moving average is $451.50 and its 200 day moving average is $453.11.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the firm posted $2.80 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

Analysts Set New Price Targets

Several brokerages have commented on MA. Mizuho decreased their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. TD Cowen began coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Morgan Stanley reduced their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Evercore ISI lowered their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Piper Sandler started coverage on shares of Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $496.91.

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.