Wesbanco Bank Inc. Has $36.84 Million Holdings in Mastercard Incorporated $MA

Key Points

• Wesbanco Bank Inc. reduced its stake in Mastercard by 3.1%, owning 65,556 shares worth approximately $36.84 million, making it the bank's 15th largest investment.
• Mastercard's institutional ownership stands at 97.28%, with several firms significantly increasing their positions, including GAMMA Investing LLC, which boosted its stake by 65,631.5%.
• Mastercard recently announced a quarterly dividend of $0.76 per share, resulting in a 0.5% yield and a payout ratio of 20.50%.

Wesbanco Bank Inc. cut its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,556 shares of the credit services provider's stock after selling 2,112 shares during the period. Mastercard accounts for about 1.1% of Wesbanco Bank Inc.'s investment portfolio, making the stock its 15th biggest position. Wesbanco Bank Inc.'s holdings in Mastercard were worth $36,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. GAMMA Investing LLC boosted its position 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 buying an additional 8,213,123 shares in the last quarter. Nuveen LLC acquired a new position in Mastercard in the first quarter valued at about $4,238,764,000. Wellington Management Group LLP boosted its position in Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mastercard in the fourth quarter valued at about $561,313,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after buying an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,094 shares of company stock valued at $26,521,861. Corporate insiders own 0.09% of the company's stock.

Mastercard Trading Down 1.4%

Shares of NYSE MA opened at $580.75 on Friday. The company's 50 day simple moving average is $574.60 and its 200 day simple moving average is $558.33. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market capitalization of $525.00 billion, a P/E ratio of 39.16, a P/E/G ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the business posted $3.50 earnings per share. Mastercard's revenue was up 16.8% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio is presently 20.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MA shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Royal Bank Of Canada upped their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Morgan Stanley upped their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $626.54.

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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