UMB Bank N A MO Has $20.18 Million Position in Mastercard Incorporated (MA)
UMB Bank N A MO decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,125 shares of the credit services provider’s stock after selling 3,935 shares during the period. UMB Bank N A MO’s holdings in Mastercard were worth $20,176,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in Mastercard in the first quarter valued at approximately $100,000. Lipe & Dalton acquired a new stake in Mastercard in the first quarter valued at approximately $101,000. Chicago Partners Investment Group LLC raised its stake in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its stake in shares of Mastercard by 10.9% during the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 76.05% of the company’s stock.
Mastercard Incorporated (MA) opened at 143.52 on Friday. The firm has a market capitalization of $152.83 billion, a PE ratio of 35.61 and a beta of 1.18. The stock’s 50 day moving average is $138.07 and its 200-day moving average is $125.23. Mastercard Incorporated has a one year low of $99.51 and a one year high of $143.78.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business earned $0.96 EPS. Mastercard’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is 21.78%.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total transaction of $11,092,438.80. Following the sale, the insider now directly owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Insiders have sold a total of 869,668 shares of company stock worth $112,301,656 over the last three months. 0.30% of the stock is currently owned by insiders.
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MA has been the subject of several analyst reports. Wedbush reaffirmed a “buy” rating and set a $140.00 price target (up previously from $129.00) on shares of Mastercard in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Mastercard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $158.00 price target (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Barclays PLC raised their price target on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Finally, Instinet reaffirmed a “buy” rating and set a $163.00 price target (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $143.08.
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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