Legacy Private Trust Co. Has $11.07 Million Holdings in Mastercard Incorporated $MA

Legacy Private Trust Co. decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the second quarter, HoldingsChannel.com reports. The fund owned 19,705 shares of the credit services provider’s stock after selling 153 shares during the period. Mastercard makes up 0.7% of Legacy Private Trust Co.’s holdings, making the stock its 25th largest position. Legacy Private Trust Co.’s holdings in Mastercard were worth $11,073,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock worth $37,108,000 after acquiring an additional 7,452 shares during the period. Mascagni Wealth Management Inc. acquired a new position in Mastercard during the 4th quarter worth $73,000. Trustco Bank Corp N Y bought a new stake in Mastercard during the fourth quarter valued at about $211,000. Finally, Silvercrest Asset Management Group LLC grew its position in shares of Mastercard by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 8,825 shares of the credit services provider’s stock valued at $4,647,000 after purchasing an additional 95 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE MA opened at $580.75 on Monday. The firm has a market capitalization of $525.00 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.38 and a beta of 0.99. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The business has a fifty day simple moving average of $574.60 and a 200 day simple moving average of $558.29. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last posted its quarterly 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 net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the company earned $3.50 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s payout ratio is presently 20.50%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. KeyCorp raised their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $626.54.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,094 shares of company stock valued at $26,521,861. 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.