Stonehage Fleming Financial Services Holdings Ltd Has $160.60 Million Position in Mastercard Incorporated $MA

Stonehage Fleming Financial Services Holdings Ltd decreased its stake in Mastercard Incorporated (NYSE:MA) by 2.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 312,699 shares of the credit services provider’s stock after selling 9,118 shares during the period. Mastercard comprises approximately 5.5% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 5th biggest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Mastercard were worth $160,602,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Mastercard in the fourth quarter valued at about $27,000. Hyposwiss Advisors SA acquired a new stake in Mastercard during the fourth quarter worth about $29,000. Robinswood Financial LLC acquired a new stake in Mastercard during the first quarter worth about $25,000. Finally, Bay Harbor Wealth Management LLC increased its stake in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Susquehanna cut their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Piper Sandler started coverage on Mastercard in a report on Monday, June 29th. They set an “overweight” rating and a $597.00 price objective on the stock. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research report on Friday, August 21st. Clear Str upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $701.00 target price on shares of Mastercard in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $664.71.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard has restarted international card-payment services in Syria for the first time in roughly 15 years after regulatory changes, potentially reopening transaction-volume opportunities in the country. Visa is also entering the market, limiting Mastercard’s ability to capture the opportunity exclusively. Visa, Mastercard begin first Syria global card payments in years
• Positive Sentiment: A new partnership with Asia-Pacific travel-experiences platform Klook aims to provide Mastercard cardholders with travel benefits and create additional spending touchpoints as experience-led tourism expands across the region. The initiative could support cross-border payments and customer engagement, although financial terms were not disclosed. Klook and Mastercard collaborate to enhance travelers’ experiences across Asia Pacific
• Neutral Sentiment: Mastercard said CFO Ling Hai will speak at the Goldman Sachs Communacopia + Technology Conference on September 10. The presentation may offer updates on growth, travel spending and digital payments, but it does not change current financial guidance. Mastercard to Participate in Upcoming Investor Conference
• Neutral Sentiment: Mastercard’s name appears as a supporter of a Ripple XRPL hackathon, highlighting continued interest in blockchain development. However, the event is not evidence of a major XRP or XRPL commercial rollout by Mastercard. Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself
• Negative Sentiment: Recent commentary argues that Mastercard’s strong earnings profile and roughly 61% net margin are already reflected in the stock’s elevated valuation. The shares’ retreat after nearing their high may therefore reflect profit-taking and concern that further gains require continued strong execution. Mastercard’s Record Stalls With 61% Margin Already Priced In

Mastercard Stock Performance

NYSE:MA opened at $591.35 on Friday. The firm has a market capitalization of $518.03 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 1.80 and a beta of 0.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.62. The firm has a 50-day moving average price of $547.06 and a 200 day moving average price of $519.09.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the business earned $4.15 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 19.14%.

Insiders Place Their Bets

In related news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total value of $2,440,926.80. Following the sale, the insider owned 31,179 shares of the company’s stock, valued at $17,781,695.49. The trade was a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares in the company, valued at $8,702,934.17. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,357 shares of company stock worth $40,637,262 over the last quarter. Corporate insiders own 0.09% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.