Keybank National Association OH Lowers Position in Mastercard Incorporated $MA

Keybank National Association OH lessened its stake in Mastercard Incorporated (NYSE:MA) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 427,686 shares of the credit services provider’s stock after selling 1,345 shares during the quarter. Mastercard makes up about 0.9% of Keybank National Association OH’s investment portfolio, making the stock its 21st largest position. Keybank National Association OH’s holdings in Mastercard were worth $240,334,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after purchasing an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the second quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD raised its stake in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Wellington Management Group LLP raised its stake in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Mastercard during the first quarter valued at $4,238,764,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MA. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Royal Bank Of Canada upped their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Robert W. Baird upped their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. TD Cowen reaffirmed a “buy” rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Finally, Morgan Stanley increased their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average price target of $638.96.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by corporate insiders.

Mastercard Trading Down 2.1%

Shares of MA opened at $553.89 on Thursday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market cap of $500.72 billion, a P/E ratio of 37.35, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company’s fifty day simple moving average is $578.08 and its 200-day simple moving average is $567.52.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.