American National Bank & Trust Purchases 441 Shares of Mastercard Incorporated (NYSE:MA)

American National Bank & Trust increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 15.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,345 shares of the credit services provider's stock after acquiring an additional 441 shares during the period. American National Bank & Trust's holdings in Mastercard were worth $1,833,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. NewSquare Capital LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard during the 4th quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares of the company's stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock worth $12,664,529 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday. Evercore ISI began coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Trading Down 0.0%

NYSE:MA traded down $0.04 during mid-day trading on Thursday, hitting $584.09. 712,310 shares of the company's stock were exchanged, compared to its average volume of 2,598,435. The company has a 50 day simple moving average of $545.93 and a 200-day simple moving average of $540.81. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The firm has a market capitalization of $532.52 billion, a P/E ratio of 42.05, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.31 EPS. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.