Bank of America Corp DE Sells 262,116 Shares of Mastercard Incorporated $MA

Bank of America Corp DE lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,827,969 shares of the credit services provider's stock after selling 262,116 shares during the period. Bank of America Corp DE owned 0.55% of Mastercard worth $2,479,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hyposwiss Advisors SA bought a new stake in Mastercard during the fourth quarter valued at approximately $29,000. Robinswood Financial LLC purchased a new position in shares of Mastercard during the first quarter worth approximately $25,000. Lifetime Wealth Management P.C. purchased a new position in shares of Mastercard during the fourth quarter worth approximately $33,000. First Pacific Financial boosted its position in Mastercard by 113.8% during the first quarter. First Pacific Financial now owns 62 shares of the credit services provider's stock valued at $31,000 after buying an additional 33 shares during the period. Finally, Tucker Asset Management LLC bought a new stake in shares of Mastercard in the 4th quarter valued at about $37,000. Institutional investors own 97.28% of the company's stock.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Incoming CFO Ling Hai outlined a growth-oriented capital allocation plan centered on frontline sales, targeted acquisitions and infrastructure expansion. The strategy also emphasizes stablecoins and value-added services, which could diversify revenue beyond traditional payment processing and support Mastercard’s long-term earnings growth. Mastercard CFO Outlines Growth Strategy Driven by Stablecoins and Value-Added Services
• Positive Sentiment: Mastercard agreed to enable KEO Capital to issue Mastercard-branded cards for a cross-border program. The partnership expands Mastercard’s reach and could generate additional payment volume, fees and customer relationships. KEO Capital Announces Strategic Partnership with Mastercard to Expand Cross-Border Card Program
• Positive Sentiment: Mastercard announced several initiatives that broaden its emerging-market footprint, including the first internationally accepted payment card in Syria with QNB Group, a program with Bank Audi intended to bring 10,000 Lebanese entrepreneurs into the digital economy, and a UAE central-bank program focused on fraud-risk management. These efforts strengthen local partnerships and could increase future transaction volumes and value-added-services revenue. QNB Group and Mastercard Payment Card in Syria Bank Audi and Mastercard Entrepreneur Initiative
• Positive Sentiment: Mastercard is advancing programs for small-business growth and AI-enabled commerce. Although these initiatives are longer-term opportunities, they could reinforce Mastercard’s role in digital payments and create new sources of services revenue. Mastercard Built Small Moving Strong Program Mastercard AI Shopping Strategy
• Negative Sentiment: Major UK banks are preparing to fund a new domestic payments infrastructure vehicle that could eventually become an alternative to Mastercard and Visa. The project is still at an early stage, but it introduces a potential competitive threat to Mastercard’s UK payment volumes and pricing power over the longer term. UK Banks Fund New Payments Giant

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MA. Piper Sandler initiated coverage on Mastercard in a research report on Monday, June 29th. They set an "overweight" rating and a $597.00 price target on the stock. Raymond James Financial reiterated an "outperform" rating and set a $632.00 price target on shares of Mastercard in a report on Friday, July 31st. Keefe, Bruyette & Woods increased their price target on shares of Mastercard from $665.00 to $685.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Weiss Ratings raised shares of Mastercard from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. Finally, Cantor Fitzgerald boosted their price objective on shares of Mastercard from $650.00 to $695.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $666.64.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,372 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the transaction, the chief executive officer owned 93,693 shares in the company, valued at approximately $53,873,475. This represents a 14.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the sale, the insider owned 3,322 shares of the company's stock, valued at approximately $1,793,880. This represents a 5.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 74,623 shares of company stock valued at $42,544,606 over the last three months. 0.09% of the stock is owned by insiders.

Mastercard Price Performance

Shares of MA stock opened at $573.55 on Tuesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.62. The stock has a market cap of $502.44 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.63 and a beta of 0.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The business's fifty day moving average is $563.88 and its 200 day moving average is $523.87.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter last year, the company earned $4.15 EPS. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. Research analysts expect that Mastercard Incorporated will post 19.86 EPS for the current fiscal year.

About Mastercard

Mastercard Incorporated NYSE: MA is a global technology company that operates a payments network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payment transactions, including credit, debit, prepaid and commercial payments, by providing the infrastructure used to authorize, clear and settle transactions.

Mastercard's products and services include its Mastercard-branded payment cards, digital payment tools, contactless payment technology and payment solutions for businesses and governments.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.