Mastercard Incorporated (NYSE:MA) Shares Sold by AMG National Trust Bank

AMG National Trust Bank trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,774 shares of the credit services provider’s stock after selling 229 shares during the quarter. AMG National Trust Bank’s holdings in Mastercard were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highline Wealth Partners LLC bought a new stake in Mastercard during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 2nd quarter valued at $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the 2nd quarter worth $35,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. TD Cowen upped their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. cut their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Citigroup lifted their price target on shares of Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Finally, William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock valued at $46,797,168 in the last 90 days. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Down 0.0 %

Shares of Mastercard stock opened at $521.63 on Tuesday. Mastercard Incorporated has a 12-month low of $398.26 and a 12-month high of $534.03. The stock has a market capitalization of $478.77 billion, a P/E ratio of 39.46, a PEG ratio of 2.28 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a 50 day moving average price of $504.78 and a two-hundred day moving average price of $471.95.

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

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is 19.97%.

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.