AMG National Trust Bank Cuts Position in Mastercard Incorporated (NYSE:MA)

AMG National Trust Bank lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the third quarter, according to the company in its most recent disclosure 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 period. 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the second quarter valued at $34,000. First Personal Financial Services acquired a new position in shares of Mastercard during the 3rd quarter worth $39,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the 2nd quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

MA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday. Mizuho raised their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup upped their price objective on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Compass Point initiated coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Price Performance

MA opened at $521.63 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 1-year low of $398.26 and a 1-year high of $534.03. The company has a 50-day moving average of $504.78 and a 200-day moving average of $471.95. The company 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.

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

Mastercard Announces Dividend

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