Monumental Financial Group Inc. Has $1.24 Million Stake in Mastercard Incorporated (NYSE:MA)

Monumental Financial Group Inc. trimmed its stake in Mastercard Incorporated (NYSE:MA) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,915 shares of the credit services provider’s stock after selling 22 shares during the period. Mastercard comprises approximately 0.7% of Monumental Financial Group Inc.’s investment portfolio, making the stock its 25th biggest position. Monumental Financial Group Inc.’s holdings in Mastercard were worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MA. Northern Trust Corp increased its holdings in Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after purchasing an additional 251,516 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after acquiring an additional 515,481 shares during the period. Ameriprise Financial Inc. boosted its stake in Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after acquiring an additional 306,663 shares in the last quarter. Royal Bank of Canada grew its holdings in Mastercard by 1.1% in the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after purchasing an additional 56,642 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Mastercard by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after purchasing an additional 16,019 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

MA traded up $0.31 during midday trading on Friday, hitting $462.42. The stock had a trading volume of 1,963,273 shares, compared to its average volume of 2,212,406. The company has a market cap of $431.39 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The business has a fifty day moving average of $471.35 and a 200 day moving average of $436.61.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 366,630 shares of company stock valued at $168,746,490 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. BMO Capital Markets increased their price objective on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Oppenheimer reissued an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Royal Bank of Canada upped their target price on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $490.23.

Mastercard 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.