Parkside Financial Bank & Trust Raises Stock Holdings in Mastercard Incorporated $MA

Parkside Financial Bank & Trust boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,987 shares of the credit services provider’s stock after buying an additional 174 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Mastercard were worth $3,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LGT Financial Advisors LLC acquired a new stake in Mastercard in the 2nd quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard in the 2nd quarter valued at $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MA shares. Macquarie raised their target price on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Wells Fargo & Company reduced their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. UBS Group raised their price target on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Truist Financial dropped their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus price target of $649.26.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.2%

NYSE MA opened at $551.98 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a 50 day moving average of $572.24 and a two-hundred day moving average of $568.95. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $499.00 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

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

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s payout ratio is 19.44%.

Mastercard Company 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.