Amarillo National Bank Grows Holdings in Mastercard Incorporated (NYSE:MA)

Amarillo National Bank increased its position in Mastercard Incorporated (NYSE:MAGet Rating) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,718 shares of the credit services provider’s stock after acquiring an additional 36 shares during the quarter. Mastercard comprises approximately 0.5% of Amarillo National Bank’s holdings, making the stock its 29th biggest position. Amarillo National Bank’s holdings in Mastercard were worth $2,435,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Norges Bank bought a new position in Mastercard in the 4th quarter worth approximately $3,107,220,000. Vanguard Group Inc. boosted its stake in Mastercard by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock worth $27,168,493,000 after purchasing an additional 5,868,493 shares during the period. Wellington Management Group LLP boosted its stake in Mastercard by 47.5% in the 1st quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after purchasing an additional 5,053,394 shares during the period. Lone Pine Capital LLC bought a new position in Mastercard in the 4th quarter worth approximately $1,732,927,000. Finally, Aaron Wealth Advisors LLC boosted its stake in Mastercard by 35,248.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,791,495 shares of the credit services provider’s stock worth $7,811,000 after purchasing an additional 2,783,598 shares during the period. 75.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 5,000 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the transaction, the chief financial officer now owns 15,723 shares in the company, valued at $5,660,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Mastercard from $430.00 to $425.00 in a research report on Wednesday, July 20th. Morgan Stanley increased their target price on Mastercard from $452.00 to $457.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Wolfe Research lowered their target price on Mastercard from $465.00 to $415.00 in a research report on Wednesday, July 20th. Wells Fargo & Company lowered their target price on Mastercard from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Finally, Mizuho increased their target price on Mastercard from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $414.09.

Mastercard Trading Down 1.9 %

MA stock traded down $5.63 during midday trading on Friday, reaching $292.73. The company’s stock had a trading volume of 133,992 shares, compared to its average volume of 2,266,435. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a fifty day simple moving average of $338.13 and a two-hundred day simple moving average of $340.44. Mastercard Incorporated has a 1 year low of $296.59 and a 1 year high of $399.92. The firm has a market capitalization of $282.89 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.41 and a beta of 1.06.

Mastercard (NYSE:MAGet Rating) last released its earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The business’s revenue was up 21.5% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post 10.63 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Friday, October 7th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 0.67%. Mastercard’s payout ratio is 19.86%.

About Mastercard

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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