SNS Financial Group LLC Has $364,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

SNS Financial Group LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 3.6% during the 1st quarter, Holdings Channel reports. The firm owned 665 shares of the credit services provider’s stock after purchasing an additional 23 shares during the quarter. SNS Financial Group LLC’s holdings in Mastercard were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MA. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the 4th quarter worth about $31,000. Navigoe LLC bought a new stake in Mastercard in the 4th quarter valued at about $33,000. 10Elms LLP bought a new stake in Mastercard in the 4th quarter valued at about $33,000. Hughes Financial Services LLC bought a new stake in Mastercard in the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard in the 4th quarter valued at about $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock valued at $20,351,084 in the last three months. Insiders own 0.09% of the company’s stock.

Mastercard Stock Down 0.6%

Mastercard stock traded down $3.09 during midday trading on Friday, hitting $552.52. 2,579,579 shares of the stock were exchanged, compared to its average volume of 2,663,399. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The stock has a market capitalization of $503.74 billion, a price-to-earnings ratio of 38.75, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The business’s 50-day moving average price is $567.30 and its 200-day moving average price is $548.44. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the company earned $3.31 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s payout ratio is 21.32%.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Citigroup increased their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $612.90.

About Mastercard

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.