Bremer Bank National Association Buys 586 Shares of Mastercard Incorporated (NYSE:MA)

Bremer Bank National Association increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,642 shares of the credit services provider's stock after acquiring an additional 586 shares during the quarter. Bremer Bank National Association's holdings in Mastercard were worth $5,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after buying an additional 377,302 shares in the last quarter. FMR LLC lifted its stake in shares of Mastercard by 4.3% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Mastercard by 1.5% in 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 in the last quarter. Norges Bank bought a new position in shares of Mastercard in the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP lifted its stake in shares of Mastercard by 9.1% in 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 in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE MA traded up $4.59 during midday trading on Friday, hitting $590.03. The company's stock had a trading volume of 1,528,611 shares, compared to its average volume of 2,601,629. The stock has a fifty day moving average price of $547.49 and a 200 day moving average price of $541.73. Mastercard Incorporated has a one year low of $428.86 and a one year high of $591.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $537.94 billion, a price-to-earnings ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 earnings per share. The company's quarterly revenue was up 14.2% compared to the same quarter last year. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analysts Set New Price Targets

MA has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday. Evercore ISI initiated coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Finally, Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock valued at $20,885,067 over the last quarter. Company insiders own 0.09% of the company's stock.

Mastercard Company 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.