Truist Financial Corp Has $120.55 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Truist Financial Corp lowered its stake in Mastercard Incorporated (NYSE:MA) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,635 shares of the credit services provider’s stock after selling 97,995 shares during the period. Truist Financial Corp’s holdings in Mastercard were worth $120,547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MA. Activest Wealth Management raised its stake in shares of Mastercard by 87.4% during the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the last quarter. Cross Staff Investments Inc raised its stake in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after buying an additional 441 shares during the last quarter. Everett Harris & Co. CA raised its stake in Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp raised its stake in Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

Mastercard stock traded up $0.31 during midday trading on Friday, hitting $462.42. 1,963,273 shares of the stock were exchanged, compared to its average volume of 2,212,406. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The stock has a market capitalization of $431.39 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. The business’s 50-day moving average price is $471.35 and its 200-day moving average price is $436.10. 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 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the previous year, the firm posted $2.65 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is 22.32%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction that occurred 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 owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,630 shares of company stock valued at $168,746,490. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Susquehanna restated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Wells Fargo & Company raised their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. KeyCorp raised their price target on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

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.