Private Trust Co. NA Raises Position in Mastercard Incorporated (NYSE:MA)

Private Trust Co. NA grew its stake in Mastercard Incorporated (NYSE:MA) by 3.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 14,496 shares of the credit services provider’s stock after purchasing an additional 488 shares during the period. Mastercard comprises approximately 0.8% of Private Trust Co. NA’s holdings, making the stock its 17th largest position. Private Trust Co. NA’s holdings in Mastercard were worth $6,981,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MA. Activest Wealth Management raised its holdings in shares of Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after buying an additional 250 shares during the period. Cross Staff Investments Inc increased its holdings in Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA increased its holdings in Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp increased its holdings in Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp increased its holdings in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the period. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Morgan Stanley cut their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Finally, Robert W. Baird raised their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Foundation Mastercard sold 151,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The disclosure for this sale can be found here. In the last three months, insiders sold 1,681,580 shares of company stock worth $765,101,407. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock traded down $5.28 on Thursday, hitting $451.24. The company’s stock had a trading volume of 2,084,562 shares, compared to its average volume of 2,427,870. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The firm has a fifty day moving average price of $464.86 and a 200-day moving average price of $444.94. The company has a market capitalization of $419.48 billion, a price-to-earnings ratio of 35.87, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the business earned $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.23 earnings per share for the current fiscal year.

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.