Fifth Third Bancorp Has $384.01 Million Holdings in Mastercard Incorporated (NYSE:MA)

Fifth Third Bancorp lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 700,597 shares of the credit services provider’s stock after selling 8,730 shares during the quarter. Mastercard comprises 1.5% of Fifth Third Bancorp’s investment portfolio, making the stock its 12th biggest position. Fifth Third Bancorp’s holdings in Mastercard were worth $384,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC acquired a new position in Mastercard during the fourth quarter worth about $26,000. Marshall Investment Management LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the 4th quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the 4th quarter worth $32,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the 4th quarter worth $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $590.78 on Thursday. The business has a 50 day moving average of $551.43 and a 200 day moving average of $543.22. The company has a market capitalization of $538.62 billion, a price-to-earnings ratio of 42.53, a PEG ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock valued at $20,885,067 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on MA shares. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $610.00.

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.