Mastercard Incorporated (NYSE:MA) Stock Holdings Decreased by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,668 shares of the credit services provider's stock after selling 612 shares during the quarter. Mastercard accounts for about 1.3% of Wesbanco Bank Inc.'s holdings, making the stock its 15th largest position. Wesbanco Bank Inc.'s holdings in Mastercard were worth $37,090,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Mastercard during the 4th quarter valued at about $6,022,224,000. GAMMA Investing LLC boosted its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. Raymond James Financial Inc. purchased a new position in Mastercard during the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC grew 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 in the last quarter. Finally, Northern Trust Corp increased its stake in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $590.03 on Monday. The firm has a market capitalization of $537.94 billion, a price-to-earnings ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $591.66. The business has a fifty day simple moving average of $547.49 and a 200 day simple moving average of $542.12. 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 (NYSE:MA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business's revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.31 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on MA. Macquarie lowered 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. KeyCorp upped their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Finally, The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated 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 represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,258 shares of company stock worth $20,885,067. Company insiders own 0.09% of the company's stock.

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.

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