First Interstate Bank Grows Holdings in Mastercard Incorporated (MA)

First Interstate Bank raised its stake in Mastercard Incorporated (NYSE:MA) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,643 shares of the credit services provider’s stock after purchasing an additional 23 shares during the quarter. First Interstate Bank’s holdings in Mastercard were worth $200,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MA. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard during the first quarter worth about $100,000. Lipe & Dalton purchased a new stake in shares of Mastercard during the first quarter worth about $101,000. Chicago Partners Investment Group LLC increased its position in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its position in shares of Mastercard by 10.9% during the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after acquiring an additional 100 shares during the last quarter. 76.01% of the stock is currently owned by institutional investors.

Shares of Mastercard Incorporated (MA) opened at 145.38 on Friday. Mastercard Incorporated has a one year low of $99.51 and a one year high of $148.45. The company’s 50-day moving average price is $141.77 and its 200 day moving average price is $127.66. The company has a market cap of $154.81 billion, a PE ratio of 36.07 and a beta of 1.18.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. Mastercard’s revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post $4.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.61%. Mastercard’s payout ratio is presently 21.78%.

In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 641,820 shares of company stock worth $83,385,957. Insiders own 0.30% of the company’s stock.

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MA has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 target price (up from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 target price (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 target price on shares of Mastercard in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $148.54.

Mastercard Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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