UMB Bank n.a. Has $67.08 Million Position in Mastercard Incorporated (NYSE:MA)

UMB Bank n.a. lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,385 shares of the credit services provider's stock after selling 1,551 shares during the period. Mastercard comprises about 1.1% of UMB Bank n.a.'s investment portfolio, making the stock its 21st biggest holding. UMB Bank n.a.'s holdings in Mastercard were worth $67,082,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Mastercard during the 4th quarter valued at approximately $6,022,224,000. GAMMA Investing LLC grew its stake in Mastercard by 65,631.5% in the first 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth about $837,017,000. Proficio Capital Partners LLC lifted its position in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Finally, Northern Trust Corp raised its position in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. Finally, Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Seven 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 company. Based on data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $610.00.

Insider Activity at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares of the company's stock, valued at approximately $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 37,258 shares of company stock valued at $20,885,067 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

Mastercard Trading Down 1.0%

NYSE MA traded down $5.73 during mid-day trading on Monday, hitting $584.39. The company's stock had a trading volume of 1,935,931 shares, compared to its average volume of 2,602,713. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $532.79 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The stock's fifty day simple moving average is $547.49 and its two-hundred day simple moving average is $542.12. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $595.38.

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

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.