Key Financial Inc Increases Holdings in Mastercard Incorporated (NYSE:MA)

Key Financial Inc grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 28.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,449 shares of the credit services provider’s stock after purchasing an additional 319 shares during the quarter. Key Financial Inc’s holdings in Mastercard were worth $639,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MA. International Assets Investment Management LLC increased its position in shares of Mastercard by 2.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock valued at $2,937,000 after purchasing an additional 141 shares during the last quarter. Patrick M Sweeney & Associates Inc. purchased a new stake in Mastercard in the 4th quarter worth about $451,000. Gilbert & Cook Inc. increased its holdings in Mastercard by 8.3% in the 4th quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock worth $1,337,000 after acquiring an additional 241 shares during the last quarter. Mather Group LLC. increased its holdings in Mastercard by 7.6% in the 4th quarter. Mather Group LLC. now owns 11,417 shares of the credit services provider’s stock worth $4,869,000 after acquiring an additional 806 shares during the last quarter. Finally, McAdam LLC increased its holdings in Mastercard by 6.1% in the 4th quarter. McAdam LLC now owns 769 shares of the credit services provider’s stock worth $328,000 after acquiring an additional 44 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the subject of several recent research reports. Royal Bank of Canada lifted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price objective on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Susquehanna lifted their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Finally, William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average price target of $512.09.

Insider Activity

In related news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Raj Seshadri sold 3,464 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the completion of the sale, the insider now owns 13,736 shares in the company, valued at approximately $6,151,530.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,516,959 shares of company stock worth $686,890,426. 0.10% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of MA traded up $2.30 during trading hours on Friday, reaching $483.10. 2,981,796 shares of the company’s stock traded hands, compared to its average volume of 2,451,809. The stock has a market cap of $449.10 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. The firm’s 50 day simple moving average is $452.63 and its 200-day simple moving average is $458.94. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

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.