Mastercard Incorporated (NYSE:MA) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,385 shares of the credit services provider’s stock after selling 1,551 shares during the quarter. Mastercard accounts for approximately 1.1% of UMB Bank n.a.’s portfolio, making the stock its 21st largest holding. UMB Bank n.a.’s holdings in Mastercard were worth $67,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC purchased a new stake in Mastercard during the fourth quarter worth about $26,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter worth about $32,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the fourth quarter worth about $30,000. Finally, 10Elms LLP purchased a new stake in Mastercard during the fourth quarter worth about $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider now owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Up 0.8%

Shares of MA opened at $590.03 on Friday. The firm has a market cap of $537.94 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company’s fifty day moving average is $547.49 and its two-hundred day moving average is $541.93. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $591.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Mastercard’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $3.31 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

About Mastercard

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.