First Hawaiian Bank Lowers Stock Holdings in Mastercard Incorporated $MA

Key Points

• First Hawaiian Bank significantly reduced its stake in Mastercard, selling 10,825 shares to hold just 1,134 shares, marking a 90.5% decrease in its position.
• While First Hawaiian Bank decreased its holdings, other institutional investors like GAMMA Investing LLC and Wellington Management Group significantly increased their stakes in Mastercard, reflecting continued investor interest.
• Mastercard's stock is currently trading at $580.75, down 1.4%, with a market capitalization of $525 billion and a recent quarterly earnings report showing an EPS of $4.15, above market estimates.

First Hawaiian Bank reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 90.5% 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 1,134 shares of the credit services provider's stock after selling 10,825 shares during the quarter. First Hawaiian Bank's holdings in Mastercard were worth $622,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MA. GAMMA Investing LLC raised its position in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at about $4,238,764,000. Wellington Management Group LLP grew its position in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mastercard in the fourth quarter valued at $561,313,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 1.4%

NYSE:MA opened at $580.75 on Monday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a market capitalization of $525.00 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50 day moving average of $574.60 and a 200-day moving average of $558.29.

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

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,094 shares of company stock worth $26,521,861. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. TD Cowen reissued a "buy" rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $626.54.

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.

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