First United Bank & Trust Has $2.32 Million Stake in Mastercard Incorporated $MA

First United Bank & Trust reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,119 shares of the credit services provider’s stock after selling 30 shares during the quarter. First United Bank & Trust’s holdings in Mastercard were worth $2,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hansen & Associates Financial Group Inc. acquired a new stake in shares of Mastercard during the second quarter worth $2,155,000. Elwood & Goetz Wealth Advisory Group LLC raised its position in shares of Mastercard by 17.2% in the second quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 605 shares of the credit services provider’s stock valued at $340,000 after buying an additional 89 shares in the last quarter. Chicago Capital LLC increased its holdings in Mastercard by 37.6% in the 2nd quarter. Chicago Capital LLC now owns 152,117 shares of the credit services provider’s stock valued at $85,481,000 after buying an additional 41,563 shares during the period. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Mastercard by 57.9% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 150 shares of the credit services provider’s stock worth $84,000 after buying an additional 55 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in shares of Mastercard by 66.2% in the second quarter. Centennial Wealth Advisory LLC now owns 781 shares of the credit services provider’s stock worth $441,000 after acquiring an additional 311 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA stock opened at $568.04 on Tuesday. The firm has a market cap of $513.51 billion, a PE ratio of 38.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. 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 stock has a 50-day moving average price of $579.27 and a 200-day moving average price of $560.85. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

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

Mastercard Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on MA. Wells Fargo & Company lifted their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Finally, Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $630.89.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 35,391 shares of company stock worth $20,836,514 over the last ninety days. 0.09% of the stock is owned by insiders.

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.