Truist Financial Corp Sells 3,486 Shares of Mastercard Incorporated (NYSE:MA)

Truist Financial Corp reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 271,093 shares of the credit services provider's stock after selling 3,486 shares during the period. Truist Financial Corp's holdings in Mastercard were worth $148,591,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Brighton Jones LLC increased its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after buying an additional 7,452 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Mastercard by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider's stock worth $1,555,000 after buying an additional 1,006 shares during the last quarter. E Fund Management Co. Ltd. increased its holdings in shares of Mastercard by 53.3% in the 4th quarter. E Fund Management Co. Ltd. now owns 11,980 shares of the credit services provider's stock worth $6,308,000 after buying an additional 4,166 shares during the last quarter. Finally, Chatham Capital Group Inc. increased its holdings in shares of Mastercard by 0.4% in the 4th quarter. Chatham Capital Group Inc. now owns 5,840 shares of the credit services provider's stock worth $3,075,000 after buying an additional 25 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.9%

NYSE:MA opened at $566.53 on Friday. The firm has a market capitalization of $516.51 billion, a P/E ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company's fifty day moving average price is $566.83 and its 200-day moving average price is $546.49. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.31 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard's dividend payout ratio is presently 21.32%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MA. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Macquarie reduced their target price 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. Citigroup lifted 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. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider owned 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,441 shares of company stock valued at $20,173,035 in the last quarter. 0.09% of the stock is currently owned by insiders.

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.

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