Busey Bank Sells 1,247 Shares of Mastercard Incorporated $MA

Busey Bank lowered its stake in Mastercard Incorporated (NYSE:MA) by 1.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 86,333 shares of the credit services provider’s stock after selling 1,247 shares during the quarter. Mastercard comprises about 1.1% of Busey Bank’s investment portfolio, making the stock its 21st biggest position. Busey Bank’s holdings in Mastercard were worth $47,610,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MA. Gamco Investors INC. ET AL grew its stake in Mastercard by 5.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after buying an additional 1,434 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its position in Mastercard by 2.2% during the second quarter. Reynders McVeigh Capital Management LLC now owns 141,828 shares of the credit services provider’s stock worth $72,843,000 after buying an additional 3,006 shares during the period. Hsbc Holdings PLC lifted its stake in Mastercard by 5.3% in the second quarter. Hsbc Holdings PLC now owns 1,656,528 shares of the credit services provider’s stock valued at $850,004,000 after buying an additional 82,793 shares during the last quarter. SteelPeak Wealth LLC lifted its stake in Mastercard by 50.1% in the first quarter. SteelPeak Wealth LLC now owns 14,003 shares of the credit services provider’s stock valued at $6,996,000 after buying an additional 4,675 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in Mastercard in the second quarter valued at approximately $227,584,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore increased their price objective on Mastercard from $550.00 to $620.00 in a report on Friday, July 31st. Cantor Fitzgerald upped their price target on shares of Mastercard from $650.00 to $695.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Daiwa Securities Group increased their price target on shares of Mastercard from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. TD Cowen raised their price objective on shares of Mastercard from $664.00 to $667.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Robert W. Baird lifted their price objective on shares of Mastercard from $660.00 to $710.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $683.94.

Insider Activity

In other Mastercard news, insider Linda Kirkpatrick sold 4,280 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total value of $2,440,926.80. Following the transaction, the insider directly owned 31,179 shares of the company’s stock, valued at approximately $17,781,695.49. The trade was a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julius Genachowski sold 370 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $590.21, for a total transaction of $218,377.70. Following the transaction, the director owned 8,237 shares of the company’s stock, valued at approximately $4,861,559.77. The trade was a 4.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 72,676 shares of company stock valued at $41,966,586. 0.09% of the stock is currently owned by company insiders.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Analysts expect Mastercard to benefit from strong cross-border transaction activity, growth in value-added services and resilient payment volumes. These trends support the possibility of another earnings beat, building on the company’s previous quarter in which revenue and adjusted earnings exceeded consensus estimates. Mastercard Looks Poised for a Q3 Earnings Beat: Time to Buy?
• Positive Sentiment: Mastercard’s Global Money Platform, which supports stablecoin-related payments, could expand its role in remittances and transactions involving less commonly traded currency pairs. The company is also pursuing embedded B2B payments, fraud-prevention services and potential AI-agent commerce, creating additional long-term growth opportunities. The stablecoin sandwich: Why speeding up payments isn’t so simple
• Positive Sentiment: New initiatives with MrBeast’s Beast Industries, Tech Mahindra and regional partners broaden Mastercard’s consumer, creator and corporate-payment reach. Investors may view these partnerships as supportive of card issuance, transaction growth and future services revenue. Mastercard Launches Creator Card Project With MrBeast
• Neutral Sentiment: Mastercard has recently delivered an approximately 8.1% 30-day share-price return and trades at a premium valuation, making the upcoming earnings report and management guidance especially important. Strong results could support the shares, while merely in-line performance may prompt profit-taking. Mastercard After Stablecoin Platform Launch And Earnings Hype
• Negative Sentiment: Mastercard and Visa face potential UK class actions seeking roughly £5 billion in compensation for alleged excessive card-payment interchange fees. Although the outcome and ultimate financial impact remain uncertain, the litigation adds regulatory and headline risk to Mastercard’s outlook. Visa, Mastercard Face Potential £5 Billion UK Class Actions

Mastercard Stock Down 0.5%

Mastercard stock opened at $610.18 on Wednesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $633.29. The stock has a 50 day moving average of $583.54 and a two-hundred day moving average of $535.40.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the business posted $4.15 earnings per share. Analysts predict that Mastercard Incorporated will post 19.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.6%.

Mastercard Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payments and provides technology that supports transactions conducted through credit, debit, prepaid and commercial payment products.

In addition to operating its payments network, Mastercard offers services in areas such as payment security, fraud prevention, authentication, cybersecurity, data and analytics, loyalty programs, digital identity and open banking.