Granite Group Advisors LLC Has $211,000 Holdings in Mastercard Incorporated $MA

Granite Group Advisors LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 15.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 376 shares of the credit services provider’s stock after selling 68 shares during the quarter. Granite Group Advisors LLC’s holdings in Mastercard were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the second quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC acquired a new position in Mastercard in the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard in the 1st quarter valued at $44,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $634.04.

Mastercard Price Performance

Shares of MA stock opened at $567.88 on Wednesday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market capitalization of $513.37 billion, a P/E ratio of 38.29, a P/E/G ratio of 2.29 and a beta of 0.97. The stock has a 50 day moving average of $580.83 and a two-hundred day moving average of $563.06. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

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.