Financial Management Professionals Inc. Has $205,000 Stake in Mastercard Incorporated (NYSE:MA)

Financial Management Professionals Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 13.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 522 shares of the credit services provider’s stock after selling 83 shares during the quarter. Financial Management Professionals Inc.’s holdings in Mastercard were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Bornite Capital Management LP acquired a new stake in Mastercard in the 1st quarter worth approximately $21,442,000. United Bank increased its position in Mastercard by 34.5% in the 1st quarter. United Bank now owns 6,007 shares of the credit services provider’s stock worth $2,147,000 after buying an additional 1,541 shares during the period. Mackenzie Financial Corp increased its position in Mastercard by 30.1% in the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock worth $97,335,000 after buying an additional 63,040 shares during the period. First Western Trust Bank bought a new position in Mastercard in the 1st quarter worth approximately $1,168,000. Finally, Bridgewater Associates LP bought a new position in Mastercard in the 1st quarter worth approximately $12,926,000. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Mastercard stock opened at $414.31 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $390.37 billion, a P/E ratio of 38.83, a P/E/G ratio of 1.87 and a beta of 1.10. The business’s fifty day moving average is $401.97 and its two-hundred day moving average is $381.77. Mastercard Incorporated has a 52 week low of $276.87 and a 52 week high of $418.60.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.05. Mastercard had a return on equity of 178.10% and a net margin of 43.37%. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm posted $2.56 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 12.13 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Thursday, July 6th. Mastercard’s dividend payout ratio (DPR) is presently 21.37%.

Insider Activity

In other news, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at $18,596,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the transaction, the insider now owns 46,491 shares in the company, valued at $18,596,400. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $391.39, for a total value of $49,243,124.24. Following the transaction, the insider now owns 99,430,749 shares in the company, valued at approximately $38,916,200,851.11. The disclosure for this sale can be found here. Insiders have sold 407,267 shares of company stock valued at $161,485,243 over the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on MA. Jefferies Financial Group lifted their price target on Mastercard from $460.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Mastercard from $442.00 to $510.00 and gave the company an “overweight” rating in a research report on Tuesday, August 22nd. Robert W. Baird boosted their price objective on Mastercard from $435.00 to $450.00 in a research report on Friday, July 28th. StockNews.com assumed coverage on Mastercard in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Morgan Stanley boosted their price objective on Mastercard from $440.00 to $443.00 in a research report on Friday, July 28th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $442.83.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.