Financial Symmetry Inc Has $264,000 Stock Holdings in Mastercard Incorporated $MA

Financial Symmetry Inc lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 470 shares of the credit services provider’s stock after selling 26 shares during the quarter. Financial Symmetry Inc’s holdings in Mastercard were worth $264,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the first quarter worth $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the first quarter worth $34,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Mastercard during the first quarter worth $44,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 2.1%

Shares of NYSE:MA opened at $561.42 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $507.53 billion, a price-to-earnings ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97. The company has a 50 day moving average of $580.22 and a 200-day moving average of $563.50. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the business posted $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid 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 dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. Truist Financial dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Morgan Stanley upped their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus target price of $634.04.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.