Parkside Financial Bank & Trust Has $2.30 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Parkside Financial Bank & Trust grew its holdings in Mastercard Incorporated (NYSE:MA) by 28.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,393 shares of the credit services provider’s stock after purchasing an additional 1,203 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Mastercard were worth $2,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after purchasing an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Mastercard by 3,339.9% in the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after acquiring an additional 791,799 shares in the last quarter. Lone Pine Capital LLC grew its holdings in Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after purchasing an additional 569,534 shares during the period. Jennison Associates LLC grew its holdings in Mastercard by 6.9% during the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after purchasing an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after purchasing an additional 428,627 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TD Cowen assumed coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. The Goldman Sachs Group raised their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Raymond James raised their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Two equities 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the sale, the insider now owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now directly owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,630 shares of company stock valued at $118,303,470. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.0 %

Shares of MA stock traded up $0.23 during trading hours on Wednesday, hitting $463.05. 737,134 shares of the company’s stock traded hands, compared to its average volume of 2,377,689. The stock’s fifty day simple moving average is $471.71 and its two-hundred day simple moving average is $435.26. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. 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 quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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 net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the business earned $2.65 EPS. On average, analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

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.