Banco Bilbao Vizcaya Argentaria S.A. Buys 3,302 Shares of Mastercard Incorporated $MA

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,891 shares of the credit services provider's stock after purchasing an additional 3,302 shares during the quarter. Mastercard comprises about 1.0% of Banco Bilbao Vizcaya Argentaria S.A.'s portfolio, making the stock its 15th biggest holding. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Mastercard were worth $98,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Accredited Investors Inc. increased its position in shares of Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. increased its position in shares of Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after purchasing an additional 18 shares during the last quarter. Phillips Wealth Planners LLC increased its position in shares of Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after purchasing an additional 19 shares during the last quarter. Alta Wealth Advisors LLC increased its position in shares of Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after purchasing an additional 19 shares during the last quarter. Finally, May Hill Capital LLC increased its position in shares of Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on MA shares. Wells Fargo & Company boosted their price target on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Finally, UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $617.93.

Mastercard Stock Performance

MA traded up $6.2280 during trading on Friday, hitting $598.1480. The stock had a trading volume of 2,388,839 shares, compared to its average volume of 2,623,511. The company has a 50 day moving average price of $564.03 and a 200-day moving average price of $555.73. The firm has a market cap of $540.73 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a one year low of $461.90 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's dividend payout ratio is presently 20.50%.

Insider Activity

In other news, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is owned by insiders.

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.