11,734 Shares in Mastercard Incorporated $MA Purchased by First National Bank of Omaha

First National Bank of Omaha purchased a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,734 shares of the credit services provider’s stock, valued at approximately $6,674,000.

A number of other large investors have also recently modified their holdings of MA. LGT Financial Advisors LLC purchased a new position in Mastercard in the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard during the 2nd quarter worth $29,000. Robbins Farley grew its position in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 18 shares in the last quarter. IMG Wealth Management Inc. bought a new position in Mastercard in the second quarter valued at $31,000. Finally, Tacita Capital Inc raised its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.6%

Shares of NYSE MA opened at $521.51 on Wednesday. The firm’s fifty day moving average is $553.12 and its 200 day moving average is $562.57. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a market cap of $468.32 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.67 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the company posted $3.82 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s payout ratio is currently 21.07%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Evercore set a $610.00 price target on Mastercard in a research note on Friday, December 12th. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. The Goldman Sachs Group reissued a “buy” rating and set a $739.00 price target on shares of Mastercard in a research note on Thursday, January 29th. Finally, HSBC raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $669.27.

Get Our Latest Stock Analysis on MA

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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