Enterprise Bank & Trust Co trimmed its position in Mastercard Incorporated (NYSE:MA) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,364 shares of the credit services provider’s stock after selling 496 shares during the quarter. Mastercard makes up 1.3% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 24th largest position. Enterprise Bank & Trust Co’s holdings in Mastercard were worth $2,829,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in MA. Nordea Investment Management AB grew its position in shares of Mastercard by 146.6% in the 2nd quarter. Nordea Investment Management AB now owns 4,398,140 shares of the credit services provider’s stock valued at $1,287,820,000 after buying an additional 2,614,737 shares during the last quarter. Advisor Group Holdings Inc. purchased a new position in shares of Mastercard in the 1st quarter valued at $53,522,000. Capital International Investors grew its position in shares of Mastercard by 44.2% in the 1st quarter. Capital International Investors now owns 3,431,966 shares of the credit services provider’s stock valued at $829,028,000 after buying an additional 1,052,440 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Mastercard by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,617,293 shares of the credit services provider’s stock valued at $4,026,634,000 after buying an additional 767,923 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Mastercard by 9.4% in the 2nd quarter. Fisher Asset Management LLC now owns 3,895,062 shares of the credit services provider’s stock valued at $1,151,770,000 after buying an additional 335,057 shares during the last quarter. Institutional investors and hedge funds own 73.72% of the company’s stock.
In related news, CEO Ajay Banga sold 61,067 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $315.89, for a total value of $19,290,454.63. Following the completion of the sale, the chief executive officer now directly owns 384,371 shares in the company, valued at $121,418,955.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard Haythornthwaite sold 6,583 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $328.87, for a total transaction of $2,164,951.21. Following the completion of the sale, the director now owns 27,432 shares of the company’s stock, valued at $9,021,561.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 263,465 shares of company stock valued at $83,297,010. Insiders own 3.79% of the company’s stock.
A number of research analysts recently commented on MA shares. Morgan Stanley increased their target price on shares of Mastercard from $311.00 to $315.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Jefferies Financial Group raised their price objective on shares of Mastercard from $305.00 to $330.00 and gave the stock a “hold” rating in a research report on Friday, October 2nd. Daiwa Capital Markets reissued a “neutral” rating and set a $314.00 price objective on shares of Mastercard in a research report on Tuesday, July 21st. 140166 raised their price objective on shares of Mastercard from $360.00 to $395.00 and gave the stock a “positive” rating in a research report on Thursday, September 10th. Finally, Raymond James raised their price objective on shares of Mastercard from $301.00 to $351.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $347.81.
MA traded up $0.83 during midday trading on Friday, reaching $339.40. 3,326,354 shares of the company’s stock were exchanged, compared to its average volume of 4,906,209. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $339.76 billion, a PE ratio of 46.94, a P/E/G ratio of 2.94 and a beta of 1.11. The business’s 50-day moving average price is $341.23 and its 200 day moving average price is $305.61. Mastercard Incorporated has a 1-year low of $199.99 and a 1-year high of $367.25.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.21. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm’s quarterly revenue was down 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 6.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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