Nations Financial Group Inc. IA ADV Has $3.26 Million Stake in Mastercard Incorporated (NYSE:MA)

Nations Financial Group Inc. IA ADV boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 61.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,772 shares of the credit services provider's stock after purchasing an additional 2,576 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Mastercard were worth $3,261,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Tyche Wealth Partners LLC boosted its position in Mastercard by 4.3% during the 1st quarter. Tyche Wealth Partners LLC now owns 7,459 shares of the credit services provider's stock worth $3,592,000 after buying an additional 310 shares during the period. McAdam LLC grew its stake in shares of Mastercard by 8.6% in the first quarter. McAdam LLC now owns 835 shares of the credit services provider's stock worth $402,000 after purchasing an additional 66 shares during the last quarter. Wesbanco Bank Inc. increased its holdings in Mastercard by 68.8% in the first quarter. Wesbanco Bank Inc. now owns 71,874 shares of the credit services provider's stock valued at $34,612,000 after purchasing an additional 29,304 shares during the period. Summit Trail Advisors LLC raised its position in Mastercard by 11.9% during the 1st quarter. Summit Trail Advisors LLC now owns 13,400 shares of the credit services provider's stock worth $6,453,000 after purchasing an additional 1,429 shares during the last quarter. Finally, Stablepoint Partners LLC lifted its holdings in Mastercard by 10.3% during the 1st quarter. Stablepoint Partners LLC now owns 2,721 shares of the credit services provider's stock worth $1,310,000 after buying an additional 253 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm's stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company's stock, valued at $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 583,088 shares of company stock worth $266,873,978. 0.13% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.6 %

NYSE MA traded up $2.48 on Friday, reaching $443.58. The company had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company's fifty day moving average is $469.57 and its 200 day moving average is $437.74. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The stock has a market capitalization of $413.81 billion, a P/E ratio of 35.26, a P/E/G ratio of 1.71 and a beta of 1.08.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the company posted $2.80 earnings per share. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts anticipate that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard's payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. KeyCorp raised their price objective on Mastercard from $475.00 to $490.00 and gave the stock an "overweight" rating in a research report on Thursday, February 1st. Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 26th. Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an "outperform" rating in a research report on Thursday, April 18th. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a "buy" rating and a $545.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on shares of Mastercard from $432.00 to $499.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $493.55.

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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