Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by First Western Trust Bank

First Western Trust Bank grew its position in shares of Mastercard Incorporated (NYSE:MA) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,363 shares of the credit services provider’s stock after purchasing an additional 48 shares during the quarter. First Western Trust Bank’s holdings in Mastercard were worth $929,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Aspire Private Capital LLC acquired a new stake in Mastercard during the first quarter valued at $18,897,320,000. GeoWealth Management LLC acquired a new position in shares of Mastercard during the 2nd quarter worth about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 1st quarter worth about $25,000. Graham Capital Wealth Management LLC bought a new position in Mastercard during the first quarter valued at about $268,923,000. Finally, Avion Wealth increased its stake in Mastercard by 75.8% during the second quarter. Avion Wealth now owns 109 shares of the credit services provider’s stock valued at $42,000 after acquiring an additional 47 shares during the period. 74.94% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Timothy H. Murphy sold 7,419 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the sale, the insider now owns 39,007 shares in the company, valued at $15,496,700.96. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Timothy H. Murphy sold 7,419 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the sale, the insider now directly owns 39,007 shares in the company, valued at approximately $15,496,700.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 6,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $413.65, for a total transaction of $2,481,900.00. Following the transaction, the chief financial officer now directly owns 20,707 shares of the company’s stock, valued at $8,565,450.55. The disclosure for this sale can be found here. Insiders sold 533,424 shares of company stock valued at $206,051,295 over the last three months. Insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.2 %

Shares of NYSE:MA traded up $0.85 during midday trading on Monday, hitting $401.15. 1,117,971 shares of the company’s stock were exchanged, compared to its average volume of 2,647,548. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day moving average price of $395.21 and a 200-day moving average price of $391.66. The company has a market cap of $376.19 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. Mastercard Incorporated has a 12 month low of $336.43 and a 12 month high of $418.60.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.18. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.53 billion. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.68 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 12.16 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 9th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.57%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio is presently 19.86%.

Analyst Ratings Changes

MA has been the topic of several research reports. Credit Suisse Group boosted their price target on Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Morgan Stanley lowered their price objective on Mastercard from $443.00 to $439.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Seaport Res Ptn reissued a “buy” rating on shares of Mastercard in a report on Thursday, October 12th. BMO Capital Markets reduced their target price on Mastercard from $488.00 to $472.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Finally, Wells Fargo & Company boosted their target price on Mastercard from $425.00 to $440.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $450.09.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.