Parkside Financial Bank & Trust Purchases 1,203 Shares of Mastercard Incorporated (NYSE:MA)

Parkside Financial Bank & Trust boosted its stake in Mastercard Incorporated (NYSE:MA) by 28.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,393 shares of the credit services provider’s stock after buying an additional 1,203 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Mastercard were worth $2,300,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cypress Wealth Services LLC grew its stake in shares of Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares during the period. Syntegra Private Wealth Group LLC grew its stake in shares of Mastercard by 1.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after buying an additional 24 shares in the last quarter. TRUE Private Wealth Advisors lifted its holdings in Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after buying an additional 24 shares in the last quarter. Indiana Trust & Investment Management CO increased its position in shares of Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after acquiring an additional 25 shares during the last quarter. Finally, Tufton Capital Management raised its position in shares of Mastercard by 4.5% in the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after purchasing an additional 26 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MA has been the topic of a number of research reports. Robert W. Baird increased their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. raised their price target on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. The Goldman Sachs Group increased their target price on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Wells Fargo & Company raised their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $490.23.

Mastercard Stock Performance

NYSE:MA traded up $0.23 during mid-day trading on Wednesday, hitting $463.05. The stock had a trading volume of 737,134 shares, compared to its average volume of 2,377,689. The company’s 50 day simple moving average is $471.71 and its 200 day simple moving average is $435.26. The stock has a market cap of $431.97 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the firm earned $2.65 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business 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 dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,630 shares of company stock worth $118,303,470. Insiders own 0.13% of the company’s stock.

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.