Texas Bank & Trust Co Takes $4.27 Million Position in Mastercard Incorporated (NYSE:MA)

Texas Bank & Trust Co purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,099 shares of the credit services provider's stock, valued at approximately $4,265,000. Mastercard accounts for 1.8% of Texas Bank & Trust Co's holdings, making the stock its 9th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. NewSquare Capital LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $33,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $582.97 on Friday. The stock has a fifty day moving average of $535.67 and a 200 day moving average of $535.63. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $584.29. The firm has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Susquehanna raised their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Piper Sandler reiterated an "overweight" rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Insider Buying and Selling

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 23,207 shares of company stock valued at $12,664,529 over the last quarter. 0.10% of the stock is owned by company insiders.

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.

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