Mastercard Incorporated (NYSE:MA) Shares Sold by 1ST Source Bank

1ST Source Bank reduced its position in Mastercard Incorporated (NYSE:MA) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,267 shares of the credit services provider’s stock after selling 30 shares during the period. 1ST Source Bank’s holdings in Mastercard were worth $5,564,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MA. Highline Wealth Partners LLC acquired a new stake in Mastercard in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 2nd quarter worth about $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter valued at about $39,000. Fairway Wealth LLC bought a new position in shares of Mastercard during the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.2 %

NYSE:MA traded down $1.05 on Friday, hitting $531.36. 305,112 shares of the company’s stock traded hands, compared to its average volume of 2,448,494. The company has a market cap of $487.70 billion, a PE ratio of 40.28, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $411.60 and a 1 year high of $536.75. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a 50-day moving average price of $516.61 and a 200-day moving average price of $480.61.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the previous year, the firm posted $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is 19.97%.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 target price on shares of Mastercard in a report on Thursday, November 14th. Susquehanna increased their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research note on Monday. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $559.28.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Mastercard 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.