AMG National Trust Bank Has $3.28 Million Stock Holdings in Mastercard Incorporated $MA

AMG National Trust Bank lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,832 shares of the credit services provider’s stock after selling 61 shares during the period. AMG National Trust Bank’s holdings in Mastercard were worth $3,277,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LGT Financial Advisors LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Mastercard in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.1%

Shares of NYSE:MA opened at $554.26 on Friday. The company’s 50-day moving average price is $577.34 and its two-hundred day moving average price is $567.43. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market capitalization of $501.05 billion, a PE ratio of 37.37, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the previous year, the firm posted $3.89 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. KeyCorp reissued an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada boosted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Finally, Truist Financial set a $638.00 price objective on shares of Mastercard in a research report on Friday, October 24th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $641.93.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Company Profile

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.