Mastercard Incorporated $MA Shares Purchased by Huntington National Bank

Huntington National Bank grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,635 shares of the credit services provider’s stock after acquiring an additional 563 shares during the quarter. Huntington National Bank’s holdings in Mastercard were worth $29,578,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. LGT Financial Advisors LLC acquired a new position in Mastercard in the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the 1st quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Macquarie increased their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday. Compass Point set a $620.00 price target on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday. KeyCorp reiterated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research note on Thursday. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $647.89.

Mastercard Price Performance

Shares of NYSE MA opened at $544.05 on Tuesday. The stock has a market capitalization of $491.83 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 2.27 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm’s 50 day simple moving average is $575.44 and its 200-day simple moving average is $568.63. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the firm posted $3.89 EPS. The business’s revenue was up 16.7% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Mastercard 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.