Finemark National Bank & Trust Cuts Position in Mastercard Incorporated $MA

Finemark National Bank & Trust trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.5% in the third quarter, HoldingsChannel.com reports. The fund owned 51,213 shares of the credit services provider’s stock after selling 1,289 shares during the period. Mastercard makes up 1.0% of Finemark National Bank & Trust’s investment portfolio, making the stock its 19th largest position. Finemark National Bank & Trust’s holdings in Mastercard were worth $29,130,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares in the last quarter. Creekmur Asset Management LLC lifted its stake in Mastercard by 53.1% during the second quarter. Creekmur Asset Management LLC now owns 75 shares of the credit services provider’s stock worth $42,000 after purchasing an additional 26 shares during the last quarter. AlphaStar Capital Management LLC boosted its holdings in shares of Mastercard by 6.4% in the 2nd quarter. AlphaStar Capital Management LLC now owns 1,808 shares of the credit services provider’s stock worth $1,016,000 after purchasing an additional 108 shares in the last quarter. Finally, Great Lakes Retirement Inc. increased its position in shares of Mastercard by 2.8% during the 2nd quarter. Great Lakes Retirement Inc. now owns 5,916 shares of the credit services provider’s stock valued at $3,324,000 after purchasing an additional 160 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. Dbs Bank raised Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a research note on Wednesday, January 28th. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $656.00 price target on shares of Mastercard in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $669.27.

Mastercard Trading Up 0.2%

NYSE:MA opened at $515.92 on Friday. The company has a fifty day moving average of $545.00 and a 200 day moving average of $559.46. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $460.11 billion, a P/E ratio of 31.23, a P/E/G ratio of 1.67 and a beta of 0.83.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm earned $3.82 EPS. The company’s revenue was up 17.5% on a year-over-year basis. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s payout ratio is currently 21.07%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.