PNC Financial Services Group Inc. cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 787,602 shares of the credit services provider’s stock after selling 754 shares during the period. PNC Financial Services Group Inc. owned approximately 0.07% of Mastercard worth $88,582,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MA. Raub Brock Capital Management LP increased its stake in shares of Mastercard by 2.6% in the first quarter. Raub Brock Capital Management LP now owns 133,002 shares of the credit services provider’s stock valued at $14,959,000 after buying an additional 3,389 shares during the last quarter. Abner Herrman & Brock LLC increased its stake in shares of Mastercard by 0.5% in the first quarter. Abner Herrman & Brock LLC now owns 129,116 shares of the credit services provider’s stock valued at $14,522,000 after buying an additional 680 shares during the last quarter. First National Bank Sioux Falls increased its stake in shares of Mastercard by 3.0% in the first quarter. First National Bank Sioux Falls now owns 3,238 shares of the credit services provider’s stock valued at $364,000 after buying an additional 95 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Mastercard by 18.9% in the first quarter. Retirement Systems of Alabama now owns 587,950 shares of the credit services provider’s stock valued at $66,127,000 after buying an additional 93,267 shares during the last quarter. Finally, Hexavest Inc. increased its stake in shares of Mastercard by 5.4% in the first quarter. Hexavest Inc. now owns 214,402 shares of the credit services provider’s stock valued at $24,114,000 after buying an additional 10,928 shares during the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.

Mastercard Incorporated (NYSE MA) traded down 0.16% on Thursday, reaching $133.58. 1,048,142 shares of the company were exchanged. Mastercard Incorporated has a 12-month low of $95.77 and a 12-month high of $134.50. The stock has a market capitalization of $142.25 billion, a P/E ratio of 33.15 and a beta of 1.17. The company’s 50-day moving average price is $129.18 and its 200-day moving average price is $119.24.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the company earned $0.96 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post $4.40 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.66%. Mastercard’s payout ratio is presently 21.78%.

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Several brokerages have commented on MA. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Loop Capital upped their target price on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets upped their target price on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $137.00 target price (up previously from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $128.20.

In other news, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the transaction, the insider now owns 112,736,681 shares of the company’s stock, valued at $14,272,463,814.60. The disclosure for this sale can be found here. Insiders have sold 850,468 shares of company stock valued at $109,574,694 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Mastercard Company Profile

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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