Mastercard Incorporated (NYSE:MA) Shares Sold by Comerica Bank

Comerica Bank cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,845 shares of the credit services provider's stock after selling 8,096 shares during the period. Comerica Bank's holdings in Mastercard were worth $111,025,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. NewSquare Capital LLC purchased a new position in shares of Mastercard in the fourth quarter valued at $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the fourth quarter valued at $30,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard during the fourth quarter valued at $32,000. Truvestments Capital LLC grew its stake in shares of Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after buying an additional 25 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Mastercard during the 4th quarter valued at about $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. KeyCorp lifted their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Macquarie decreased their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday. Barclays lifted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, DZ Bank raised shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average target price of $606.18.

Mastercard Stock Up 2.3 %

Shares of NYSE MA traded up $12.55 during midday trading on Friday, reaching $559.18. 2,632,574 shares of the company's stock traded hands, compared to its average volume of 2,614,804. The company has a market cap of $509.81 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.37 and a beta of 1.06. 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 Incorporated has a one year low of $428.86 and a one year high of $582.23. The stock's 50 day simple moving average is $532.33 and its 200-day simple moving average is $531.37.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the company posted $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's payout ratio is currently 21.89%.

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.