Finemark National Bank & Trust Has $29.13 Million Stock Position in Mastercard Incorporated $MA

Finemark National Bank & Trust reduced its holdings in Mastercard Incorporated (NYSE:MA) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,213 shares of the credit services provider’s stock after selling 1,289 shares during the quarter. Mastercard comprises 1.0% of Finemark National Bank & Trust’s holdings, making the stock its 19th largest holding. Finemark National Bank & Trust’s holdings in Mastercard were worth $29,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evolution Wealth Management Inc. bought a new position in Mastercard during the second quarter worth $29,000. Robbins Farley increased its stake in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares in the last quarter. Tacita Capital Inc raised its holdings in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the period. True Wealth Design LLC boosted its position in shares of Mastercard by 45.2% during the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 19 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Mastercard in the 2nd quarter valued at about $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.2%

Shares of NYSE:MA opened at $515.92 on Friday. The business’s 50 day moving average is $545.00 and its 200 day moving average is $559.46. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market cap of $460.11 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.67 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the firm posted $3.82 EPS. Mastercard’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently commented on MA. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $656.00 target price on shares of Mastercard in a research report on Friday, January 30th. Truist Financial set a $611.00 price objective on Mastercard in a report on Tuesday, February 10th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Morgan Stanley lifted their price target on shares of Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, TD Cowen upped their price objective on shares of Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a 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 given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $669.27.

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.