SS&H Financial Advisors Inc. Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

SS&H Financial Advisors Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,075 shares of the credit services provider’s stock after acquiring an additional 121 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Mastercard were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brevan Howard Capital Management LP grew its stake in shares of Mastercard by 213.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after purchasing an additional 5,756 shares during the period. Banque Cantonale Vaudoise increased its holdings in Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after buying an additional 2,676 shares in the last quarter. First Trust Direct Indexing L.P. raised its position in shares of Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock worth $9,897,000 after acquiring an additional 2,556 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Mastercard during the 1st quarter worth about $608,000. Finally, SteelPeak Wealth LLC grew its position in shares of Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Piper Sandler upped their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Barclays upped their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $518.96.

Mastercard Trading Down 0.2 %

Shares of Mastercard stock traded down $0.80 during mid-day trading on Thursday, hitting $499.15. The stock had a trading volume of 396,368 shares, compared to its average volume of 2,436,976. The firm has a 50-day moving average of $479.26 and a two-hundred day moving average of $462.66. The firm has a market cap of $464.02 billion, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $501.80.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Sell-side analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,809 shares of company stock worth $159,610,703. Company insiders own 0.10% of the company’s stock.

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.