Glenview Trust Co lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,204 shares of the credit services provider’s stock after selling 1,722 shares during the period. Mastercard makes up about 1.5% of Glenview Trust Co’s holdings, making the stock its 15th biggest holding. Glenview Trust Co’s holdings in Mastercard were worth $19,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. Founders Capital Management bought a new stake in Mastercard during the 1st quarter valued at $239,000. Independent Advisor Alliance grew its position in shares of Mastercard by 3.6% in the 1st quarter. Independent Advisor Alliance now owns 3,771 shares of the credit services provider’s stock worth $423,000 after buying an additional 131 shares during the period. Beacon Trust Co. grew its position in shares of Mastercard by 1.4% in the 1st quarter. Beacon Trust Co. now owns 61,313 shares of the credit services provider’s stock worth $6,773,000 after buying an additional 876 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Mastercard by 39.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 106,737 shares of the credit services provider’s stock worth $12,008,000 after buying an additional 30,060 shares during the period. Finally, Northstar Wealth Partners LLC purchased a new stake in shares of Mastercard in the 1st quarter worth about $284,000. 75.71% of the stock is owned by institutional investors.
Shares of Mastercard Incorporated (NYSE:MA) opened at $149.56 on Tuesday. Mastercard Incorporated has a 1 year low of $99.51 and a 1 year high of $152.00. The firm has a market capitalization of $158,330.00, a PE ratio of 34.58, a P/E/G ratio of 1.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio is 20.51%.
In other news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $3,582,984. Corporate insiders own 0.30% of the company’s stock.
A number of analysts have recently issued reports on the stock. KeyCorp reaffirmed a “buy” rating and set a $150.00 price target on shares of Mastercard in a report on Thursday, September 7th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $145.00 price objective on shares of Mastercard in a research note on Friday, September 8th. Nomura raised their target price on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Cowen and Company restated a “buy” rating and set a $137.00 target price on shares of Mastercard in a research note on Friday, September 8th. Finally, Wedbush restated a “buy” rating and set a $140.00 target price (up previously from $129.00) on shares of Mastercard in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $157.68.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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