First PREMIER Bank Has $7.06 Million Stock Position in Mastercard Incorporated (NYSE:MA)

First PREMIER Bank lifted its stake in Mastercard Incorporated (NYSE:MA) by 0.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,667 shares of the credit services provider’s stock after acquiring an additional 110 shares during the period. Mastercard accounts for 1.9% of First PREMIER Bank’s portfolio, making the stock its 10th largest position. First PREMIER Bank’s holdings in Mastercard were worth $7,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in MA. Westend Capital Management LLC acquired a new stake in shares of Mastercard during the first quarter worth about $27,000. VitalStone Financial LLC lifted its holdings in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the period. Altshuler Shaham Ltd acquired a new stake in Mastercard during the fourth quarter worth about $26,000. LFA Lugano Financial Advisors SA purchased a new position in Mastercard during the fourth quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $28,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MA shares. Evercore ISI lifted their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Wells Fargo & Company lifted their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Robert W. Baird lifted 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, Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $497.78.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,894,228 shares of company stock worth $1,305,811,390 in the last quarter. 0.10% of the stock is owned by company insiders.

Mastercard Trading Up 1.3 %

Shares of MA stock traded up $5.90 on Monday, hitting $460.75. The stock had a trading volume of 1,064,489 shares, compared to its average volume of 2,426,698. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $428.32 billion, a P/E ratio of 36.16, a P/E/G ratio of 1.77 and a beta of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company’s 50 day moving average price is $452.30 and its 200-day moving average price is $452.16.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.80 EPS. Analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

About Mastercard

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.