Bokf Na Decreases Position in Mastercard Incorporated (NYSE:MA)

BOKF NA reduced its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,786 shares of the credit services provider's stock after selling 518 shares during the quarter. BOKF NA's holdings in Mastercard were worth $28,658,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Whalerock Point Partners LLC lifted its stake in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after buying an additional 185 shares during the last quarter. Cardano Risk Management B.V. raised its position in Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider's stock valued at $194,141,000 after purchasing an additional 9,611 shares during the last quarter. Dock Street Asset Management Inc. boosted its stake in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after purchasing an additional 2,931 shares during the period. Nordea Investment Management AB grew its position in Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider's stock worth $1,325,353,000 after purchasing an additional 337,905 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock valued at $1,497,160,000 after purchasing an additional 138,842 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of several recent research reports. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Susquehanna upped their price target on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on shares of Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $606.25.

Mastercard Trading Up 0.2 %

Shares of Mastercard stock traded up $1.26 during mid-day trading on Friday, hitting $568.38. 1,527,967 shares of the stock were exchanged, compared to its average volume of 2,608,735. The company has a 50-day simple moving average of $532.17 and a 200 day simple moving average of $533.23. 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 stock has a market capitalization of $518.20 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the company earned $3.31 EPS. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 9th. Mastercard's payout ratio is 21.32%.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was 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 directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.