First American Bank Has $2.36 Million Position in Mastercard Incorporated (NYSE:MA)

First American Bank boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 103.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,296 shares of the credit services provider's stock after purchasing an additional 2,186 shares during the period. First American Bank's holdings in Mastercard were worth $2,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nilsine Partners LLC increased its stake in shares of Mastercard by 2.8% in the first quarter. Nilsine Partners LLC now owns 2,498 shares of the credit services provider's stock valued at $1,369,000 after buying an additional 68 shares during the period. Suncoast Equity Management increased its stake in shares of Mastercard by 1.2% in the first quarter. Suncoast Equity Management now owns 65,017 shares of the credit services provider's stock valued at $35,637,000 after buying an additional 796 shares during the period. GAM Holding AG increased its stake in shares of Mastercard by 22.0% in the first quarter. GAM Holding AG now owns 30,297 shares of the credit services provider's stock valued at $16,606,000 after buying an additional 5,464 shares during the period. Stonegate Investment Group LLC increased its stake in shares of Mastercard by 24.1% in the first quarter. Stonegate Investment Group LLC now owns 19,887 shares of the credit services provider's stock valued at $10,900,000 after buying an additional 3,862 shares during the period. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Mastercard during the 1st quarter valued at about $137,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. UBS Group upped their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $610.00.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider now directly owns 25,540 shares of the company's stock, valued at $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company's stock, valued at $34,379,709.18. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,513 shares of company stock valued at $23,166,463 over the last ninety days. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

Shares of MA opened at $532.18 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a 50 day moving average of $559.72 and a 200 day moving average of $544.51. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a market capitalization of $485.19 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.35 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $3.31 earnings per share. The business's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.

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