UMB Bank n.a. Lowers Holdings in Mastercard Incorporated (NYSE:MA)

UMB Bank n.a. reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,331 shares of the credit services provider’s stock after selling 2,891 shares during the quarter. Mastercard comprises about 1.0% of UMB Bank n.a.’s portfolio, making the stock its 22nd biggest position. UMB Bank n.a.’s holdings in Mastercard were worth $62,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Westend Capital Management LLC purchased a new position in Mastercard during the first quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter worth $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter worth $28,000. Beaird Harris Wealth Management LLC bought a new stake in Mastercard during the fourth quarter valued at about $30,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the second quarter valued at about $34,000. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA traded down $1.98 during trading hours on Thursday, reaching $497.97. The company had a trading volume of 302,467 shares, compared to its average volume of 2,436,348. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $462.92 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The business’s 50 day moving average price is $479.26 and its 200-day moving average price is $462.66. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Research analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

Several analysts have commented on MA shares. Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. Susquehanna increased their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $518.96.

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.