Argent Trust Co boosted its position in shares of Mastercard Inc (NYSE:MA) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,712 shares of the credit services provider’s stock after buying an additional 475 shares during the period. Argent Trust Co’s holdings in Mastercard were worth $3,678,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Mastercard in the second quarter valued at approximately $109,000. Fort L.P. acquired a new position in shares of Mastercard in the second quarter valued at approximately $120,000. Carroll Financial Associates Inc. increased its holdings in shares of Mastercard by 87.2% in the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 300 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Mastercard in the second quarter valued at approximately $131,000. Finally, Financial Gravity Wealth Inc. acquired a new position in shares of Mastercard in the first quarter valued at approximately $133,000. 74.33% of the stock is currently owned by institutional investors.

Mastercard stock opened at $221.90 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. Mastercard Inc has a 1-year low of $137.75 and a 1-year high of $223.37. The company has a market capitalization of $230.43 billion, a P/E ratio of 48.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.13. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. Mastercard’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. equities analysts anticipate that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Mastercard’s payout ratio is 21.83%.

MA has been the topic of a number of recent research reports. SunTrust Banks boosted their target price on Mastercard to $240.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Loop Capital boosted their target price on Mastercard to $232.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Bank of America boosted their target price on Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Cowen reissued a “buy” rating and issued a $207.00 target price on shares of Mastercard in a report on Friday, July 20th. Finally, Buckingham Research boosted their target price on Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a report on Tuesday, June 26th. Four research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $208.56.

In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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