Cetera Trust Company N.A Purchases New Holdings in Mastercard Incorporated (NYSE:MA)

Cetera Trust Company N.A purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 338 shares of the credit services provider’s stock, valued at approximately $144,000.

Several other institutional investors have also made changes to their positions in the stock. Handelsbanken Fonder AB boosted its stake in shares of Mastercard by 20.0% in the fourth quarter. Handelsbanken Fonder AB now owns 592,257 shares of the credit services provider’s stock valued at $252,604,000 after buying an additional 98,740 shares during the period. CWM LLC boosted its stake in shares of Mastercard by 24.2% in the fourth quarter. CWM LLC now owns 37,544 shares of the credit services provider’s stock valued at $16,013,000 after buying an additional 7,313 shares during the period. Criterion Capital Advisors LLC bought a new stake in Mastercard during the fourth quarter worth $33,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Mastercard by 1.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 89,526 shares of the credit services provider’s stock worth $38,184,000 after purchasing an additional 1,124 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Mastercard by 14.0% during the fourth quarter. Signaturefd LLC now owns 19,782 shares of the credit services provider’s stock worth $8,437,000 after purchasing an additional 2,434 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

Shares of NYSE MA opened at $456.95 on Tuesday. The firm’s 50-day moving average price is $471.66 and its 200-day moving average price is $434.80. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The firm has a market capitalization of $426.28 billion, a P/E ratio of 38.63, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

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 net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. Mastercard’s dividend payout ratio is currently 22.32%.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. Mizuho restated a “buy” rating and set a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. JPMorgan Chase & Co. upped their target price on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Royal Bank of Canada upped their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Company upped their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Activity

In other news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,630 shares of company stock worth $68,440,330. Company insiders own 0.13% of the company’s stock.

About Mastercard

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.