Fiduciary Alliance LLC Buys 167 Shares of Mastercard Incorporated $MA

Fiduciary Alliance LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,813 shares of the credit services provider’s stock after buying an additional 167 shares during the period. Fiduciary Alliance LLC’s holdings in Mastercard were worth $4,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Flaharty Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the first quarter worth about $31,000. 10Elms LLP purchased a new stake in Mastercard in the fourth quarter worth about $33,000. Hughes Financial Services LLC purchased a new stake in Mastercard in the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Mastercard during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $583.30 on Tuesday. The company’s 50-day simple moving average is $574.96 and its two-hundred day simple moving average is $558.34. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $527.31 billion, a P/E ratio of 39.33, a P/E/G ratio of 2.38 and a beta of 0.99. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS 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 analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Insider Buying and Selling

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,094 shares of company stock valued at $26,521,861 over the last ninety days. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MA shares. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Morgan Stanley raised their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $626.54.

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.