Trust Co. of Toledo NA OH Buys 610 Shares of Mastercard Incorporated (NYSE:MA)

Trust Co. of Toledo NA OH boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,185 shares of the credit services provider’s stock after acquiring an additional 610 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Mastercard were worth $6,679,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MA. Brighton Jones LLC grew its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Mastercard in the 4th quarter worth approximately $83,644,000. Walkner Condon Financial Advisors LLC raised its holdings in Mastercard by 7.4% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 824 shares of the credit services provider’s stock valued at $434,000 after buying an additional 57 shares during the last quarter. Compagnie Lombard Odier SCmA raised its holdings in Mastercard by 2.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 880 shares of the credit services provider’s stock valued at $463,000 after buying an additional 23 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in Mastercard by 902.5% in the 4th quarter. AustralianSuper Pty Ltd now owns 270,806 shares of the credit services provider’s stock worth $142,598,000 after purchasing an additional 243,794 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 4.7%

MA opened at $561.50 on Friday. The stock has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. The company has a fifty day moving average of $555.17 and a two-hundred day moving average of $543.96. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the business posted $3.31 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares of the company’s stock, valued at $34,379,709.18. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,686 shares of company stock worth $26,430,428. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. KeyCorp increased their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

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.