Mastercard Incorporated (NYSE:MA) Shares Sold by Private Trust Co. NA

Private Trust Co. NA lowered its position in Mastercard Incorporated (NYSE:MA) by 1.0% during the third quarter, HoldingsChannel.com reports. The fund owned 11,106 shares of the credit services provider’s stock after selling 110 shares during the quarter. Mastercard accounts for approximately 0.6% of Private Trust Co. NA’s holdings, making the stock its 28th largest holding. Private Trust Co. NA’s holdings in Mastercard were worth $5,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the third quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the second quarter worth approximately $34,000. First Personal Financial Services acquired a new position in Mastercard during the third quarter worth approximately $39,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded up $4.31 during trading hours on Monday, hitting $525.17. 322,175 shares of the company’s stock traded hands, compared to its average volume of 2,449,381. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The company’s fifty day simple moving average is $506.91 and its two-hundred day simple moving average is $473.83. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $534.03. The company has a market cap of $482.02 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company posted $3.39 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MA shares. Robert W. Baird lifted their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. UBS Group raised their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Finally, TD Cowen raised their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $549.16.

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.