BankPlus Trust Department Has $536,000 Position in Mastercard Incorporated $MA

BankPlus Trust Department reduced its stake in Mastercard Incorporated (NYSE:MA) by 13.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 953 shares of the credit services provider’s stock after selling 144 shares during the period. BankPlus Trust Department’s holdings in Mastercard were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Brighton Jones LLC boosted its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. NewSquare Capital LLC boosted its holdings in Mastercard by 550.0% in the 1st quarter. NewSquare Capital LLC now owns 325 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 275 shares during the period. Requisite Capital Management LLC bought a new stake in Mastercard in the 1st quarter valued at about $310,000. Wealthcare Advisory Partners LLC boosted its holdings in Mastercard by 3.2% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock valued at $3,737,000 after purchasing an additional 212 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Mastercard by 19.9% in the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after purchasing an additional 2,493 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on MA. Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Finally, Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and an average target price of $634.04.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Up 0.1%

MA stock opened at $579.24 on Wednesday. The stock has a market capitalization of $523.64 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. 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 Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a 50-day moving average price of $580.78 and a 200-day moving average price of $562.45.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

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.