UMB Bank n.a. Has $67.75 Million Stock Holdings in Mastercard Incorporated $MA

UMB Bank n.a. reduced its position in Mastercard Incorporated (NYSE:MA) by 1.5% in the second quarter, Holdings Channel.com reports. The fund owned 120,568 shares of the credit services provider’s stock after selling 1,817 shares during the quarter. Mastercard makes up about 1.1% of UMB Bank n.a.’s holdings, making the stock its 21st biggest holding. UMB Bank n.a.’s holdings in Mastercard were worth $67,752,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard during the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $31,000. Hughes Financial Services LLC purchased a new stake in Mastercard in the 1st quarter valued at $34,000. Finally, Sunbeam Capital Management LLC acquired a new stake in Mastercard in the 4th quarter valued at about $41,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MA shares. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Morgan Stanley increased their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Finally, TD Cowen reaffirmed a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $630.89.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,717 shares of company stock worth $22,684,831. Insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $583.88 on Friday. The stock has a market cap of $527.83 billion, a PE ratio of 39.37, a PEG ratio of 2.40 and a beta of 0.99. The company’s fifty day moving average is $577.23 and its 200 day moving average is $559.09. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.