Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases 2,200 Shares of Mastercard Incorporated $MA

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 44.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,133 shares of the credit services provider’s stock after acquiring an additional 2,200 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Mastercard were worth $3,564,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. boosted its position in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $27,000. Hyposwiss Advisors SA acquired a new position in Mastercard during the fourth quarter worth $29,000. First Pacific Financial grew its position in Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 33 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC lifted its position in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Trending Headlines about Mastercard

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Insider Activity at Mastercard

In other news, insider Raj Seshadri sold 4,828 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider owned 16,429 shares in the company, valued at approximately $8,625,225. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MA shares. Evercore restated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Loop Capital reiterated a “buy” rating and set a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Royal Bank Of Canada reduced their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Citigroup dropped their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, BMO Capital Markets began coverage on Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price objective for the company. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $653.81.

Get Our Latest Research Report on MA

Mastercard Stock Performance

Shares of NYSE MA opened at $539.00 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The stock has a 50 day moving average of $497.92 and a 200-day moving average of $518.96. The company has a market capitalization of $476.25 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.68 and a beta of 0.73.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.73 earnings per share. As a group, equities research analysts predict that Mastercard Incorporated will post 19.61 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is currently 20.14%.

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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