First Hawaiian Bank Decreases Position in Mastercard Incorporated (NYSE:MA)

First Hawaiian Bank cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,505 shares of the credit services provider's stock after selling 454 shares during the quarter. First Hawaiian Bank's holdings in Mastercard were worth $6,306,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth about $6,022,224,000. Raymond James Financial Inc. bought a new stake in shares of Mastercard in the fourth quarter worth about $837,017,000. Proficio Capital Partners LLC increased its holdings in shares of Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $617,303,000. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the 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 sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now 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 over the last 90 days. Company insiders own 0.10% of the company's stock.

Mastercard Trading Up 1.0%

Shares of NYSE MA traded up $5.49 during trading hours on Friday, reaching $583.27. The stock had a trading volume of 4,581,021 shares, compared to its average volume of 2,615,375. 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 cap of $531.77 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.37 and a beta of 1.06. The business's fifty day moving average price is $543.93 and its two-hundred day moving average price is $539.54. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly 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 firm 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%. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 earnings per share. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MA. KeyCorp lifted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price objective on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Raymond James reissued an "outperform" rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Morgan Stanley reduced their price objective on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus target price of $608.57.

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.