First American Trust FSB Grows Stake in Mastercard Incorporated $MA

First American Trust FSB raised its position in shares of Mastercard Incorporated (NYSE:MA) by 28.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 664 shares of the credit services provider’s stock after purchasing an additional 149 shares during the period. First American Trust FSB’s holdings in Mastercard were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in MA. Accredited Investors Inc. lifted its stake in Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 18 shares during the period. Wealthstream Advisors Inc. increased its position in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after purchasing an additional 18 shares during the period. Pinion Investment Advisors LLC raised its holdings in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC lifted its position in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the period. Finally, Nvest Financial LLC lifted its position in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after purchasing an additional 18 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Wells Fargo & Company decreased their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Truist Financial dropped their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $652.50.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of MA opened at $527.63 on Wednesday. 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 firm has a market cap of $473.81 billion, a PE ratio of 35.58, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a fifty day moving average price of $566.34 and a 200-day moving average price of $569.80.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is 19.44%.

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.