Mastercard Inc (NYSE:MA) Shares Acquired by Keybank National Association OH

Keybank National Association OH lifted its position in shares of Mastercard Inc (NYSE:MA) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 721,179 shares of the credit services provider’s stock after buying an additional 4,362 shares during the quarter. Mastercard makes up about 1.1% of Keybank National Association OH’s holdings, making the stock its 18th largest position. Keybank National Association OH’s holdings in Mastercard were worth $190,773,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MA. FMR LLC raised its stake in Mastercard by 1.8% in the 1st quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock valued at $9,521,850,000 after purchasing an additional 720,407 shares during the last quarter. Geode Capital Management LLC raised its stake in Mastercard by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock valued at $2,341,383,000 after purchasing an additional 416,095 shares during the last quarter. Norges Bank acquired a new position in Mastercard in the 4th quarter valued at about $1,701,899,000. Parnassus Investments CA grew its holdings in Mastercard by 1.6% in the 1st quarter. Parnassus Investments CA now owns 3,185,400 shares of the credit services provider’s stock valued at $750,002,000 after buying an additional 51,389 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Mastercard by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after buying an additional 42,640 shares during the period. 74.25% of the stock is owned by institutional investors and hedge funds.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the transaction, the insider now directly owns 134,120 shares of the company’s stock, valued at approximately $34,844,376. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Miebach sold 2,233 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $283.12, for a total value of $632,206.96. Following the completion of the transaction, the insider now directly owns 15,548 shares in the company, valued at $4,401,949.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,621 shares of company stock worth $50,148,475. 3.70% of the stock is currently owned by corporate insiders.

Several analysts have commented on MA shares. Deutsche Bank lifted their price target on Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Barclays lifted their price target on Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Raymond James lifted their price target on Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Co lifted their price target on Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Finally, Oppenheimer lifted their price target on Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $291.80.

NYSE MA traded up $2.66 on Tuesday, reaching $272.66. The company had a trading volume of 1,571,570 shares, compared to its average volume of 3,687,139. The firm has a market capitalization of $273.08 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 2.18 and a beta of 1.08. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $283.33. The firm’s 50-day moving average is $273.12. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. Mastercard’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. As a group, analysts forecast that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, July 8th. Mastercard’s payout ratio is 20.34%.

Mastercard Company Profile

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 related products and services.

Further Reading: Bar Chart

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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