Argent Trust Co Sells 264 Shares of Mastercard Incorporated (MA)
Argent Trust Co lowered its position in Mastercard Incorporated (NYSE:MA) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,929 shares of the credit services provider’s stock after selling 264 shares during the period. Argent Trust Co’s holdings in Mastercard were worth $1,934,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new position in Mastercard in the first quarter worth approximately $100,000. Proficio Capital Partners LLC raised its stake in shares of Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares during the last quarter. Lipe & Dalton purchased a new stake in shares of Mastercard in the first quarter worth approximately $101,000. Chicago Partners Investment Group LLC raised its stake in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the last quarter. Finally, Norway Savings Bank raised its stake in shares of Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.
Several analysts have recently commented on the company. J P Morgan Chase & Co increased their price objective on Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday. Nomura increased their price objective on Mastercard from $163.00 to $164.00 and gave the stock a “buy” rating in a research note on Wednesday. SunTrust Banks, Inc. increased their price objective on Mastercard to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. KeyCorp reissued an “overweight” rating and issued a $170.00 price objective (up from $165.00) on shares of Mastercard in a research note on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $174.00 price objective (up from $157.00) on shares of Mastercard in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $156.34.
Mastercard Incorporated (NYSE:MA) opened at $149.29 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.65. The firm has a market capitalization of $157.87 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 2.08 and a beta of 1.21.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. equities analysts predict that Mastercard Incorporated will post 4.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is currently 20.47%.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the transaction, the director now directly owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders sold 112,623 shares of company stock valued at $14,916,143 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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