Intrust Bank NA Has $3.99 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Intrust Bank NA grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,583 shares of the credit services provider’s stock after acquiring an additional 40 shares during the quarter. Intrust Bank NA’s holdings in Mastercard were worth $3,993,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MA. Principal Financial Group Inc. boosted its holdings in shares of Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares in the last quarter. Algert Global LLC acquired a new stake in Mastercard in the third quarter valued at about $1,540,000. FORA Capital LLC bought a new position in Mastercard in the third quarter valued at about $673,000. Financial Counselors Inc. raised its stake in Mastercard by 6.4% during the third quarter. Financial Counselors Inc. now owns 10,716 shares of the credit services provider’s stock worth $5,292,000 after acquiring an additional 640 shares in the last quarter. Finally, Providence Wealth Advisors LLC lifted its holdings in shares of Mastercard by 4.1% in the third quarter. Providence Wealth Advisors LLC now owns 2,688 shares of the credit services provider’s stock worth $1,380,000 after acquiring an additional 105 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on MA. UBS Group upped their price objective on shares of Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target for the company in a report on Friday, January 31st. Morgan Stanley dropped their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Oppenheimer dropped their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Price Performance

Shares of MA opened at $540.57 on Friday. The business’s fifty day moving average is $550.58 and its 200 day moving average is $526.65. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market cap of $492.84 billion, a P/E ratio of 38.92, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

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.