6,059 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Trust Point Inc.

Trust Point Inc. bought a new position in Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, Holdings Channel reports. The firm bought 6,059 shares of the credit services provider’s stock, valued at approximately $2,584,000.

A number of other institutional investors also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 1st quarter valued at approximately $25,000. Hibernia Wealth Partners LLC purchased a new position in shares of Mastercard during the 3rd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $27,000. Bollard Group LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at approximately $29,000. Finally, Barometer Capital Management Inc. purchased a new position in shares of Mastercard during the 3rd quarter valued at approximately $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Craig Vosburg sold 8,900 shares of Mastercard stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ajay Bhalla sold 4,000 shares of Mastercard stock in a transaction on Friday, January 19th. The stock was sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at $2,712,225. The disclosure for this sale can be found here. Insiders sold 50,628 shares of company stock valued at $23,309,067 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MA shares. Wells Fargo & Company lifted their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Jefferies Financial Group raised their price target on shares of Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday. Royal Bank of Canada raised their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Monness Crespi & Hardt initiated coverage on shares of Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $481.95.

Read Our Latest Stock Report on Mastercard

Mastercard Trading Up 0.3 %

Mastercard stock traded up $1.42 during trading on Wednesday, hitting $480.85. The company had a trading volume of 632,380 shares, compared to its average volume of 2,414,658. Mastercard Incorporated has a 1-year low of $355.97 and a 1-year high of $490.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The company’s 50 day simple moving average is $467.67 and its 200-day simple moving average is $428.36. The stock has a market cap of $448.58 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results 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 net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the firm earned $2.65 EPS. As a group, analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard announced that its board has initiated a stock buyback program on Tuesday, December 5th that permits the company to buyback $11.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 22.32%.

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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