Parkside Financial Bank & Trust Boosts Holdings in Mastercard Incorporated $MA

Parkside Financial Bank & Trust increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 5,987 shares of the credit services provider’s stock after purchasing an additional 174 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Mastercard were worth $3,364,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the second quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the first quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MA shares. Wells Fargo & Company cut their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Royal Bank Of Canada raised their price objective on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Robert W. Baird lifted their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $649.26.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of MA stock opened at $551.98 on Friday. The company has a market cap of $499.00 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The stock has a 50 day simple moving average of $572.24 and a 200-day simple moving average of $568.95. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. 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, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 earnings per share. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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