Commerzbank Aktiengesellschaft FI Purchases 7,186 Shares of Mastercard Incorporated (NYSE:MA)

Commerzbank Aktiengesellschaft FI lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,887 shares of the credit services provider's stock after acquiring an additional 7,186 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Mastercard were worth $23,507,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC grew its position in Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC grew its position in Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after buying an additional 282,739 shares during the period. Norges Bank bought a new position in Mastercard during the fourth quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP grew its position in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after buying an additional 817,836 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a report on Thursday. They set a "buy" rating and a $650.00 price objective on the stock. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus price target of $612.90.

Mastercard Trading Down 0.6%

Shares of NYSE MA traded down $3.09 during mid-day trading on Friday, hitting $552.52. The stock had a trading volume of 2,579,579 shares, compared to its average volume of 2,666,094. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The business has a 50 day moving average price of $567.61 and a two-hundred day moving average price of $548.26. The firm has a market cap of $503.74 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Mastercard 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.