Mastercard Inc (MA) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. grew its stake in shares of Mastercard Inc (NYSE:MA) by 19.6% during the first quarter, HoldingsChannel reports. The firm owned 82,631 shares of the credit services provider’s stock after purchasing an additional 13,561 shares during the period. Suntrust Banks Inc.’s holdings in Mastercard were worth $14,472,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MA. BlackRock Inc. grew its position in shares of Mastercard by 3.3% during the fourth quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after acquiring an additional 2,000,290 shares during the last quarter. GQG Partners LLC grew its position in shares of Mastercard by 270.9% during the first quarter. GQG Partners LLC now owns 1,383,512 shares of the credit services provider’s stock worth $242,336,000 after acquiring an additional 1,010,530 shares during the last quarter. Deutsche Bank AG grew its position in shares of Mastercard by 56.8% during the fourth quarter. Deutsche Bank AG now owns 2,608,935 shares of the credit services provider’s stock worth $394,881,000 after acquiring an additional 944,924 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Mastercard by 21.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,886,685 shares of the credit services provider’s stock worth $739,650,000 after acquiring an additional 875,620 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Mastercard by 9.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,911,051 shares of the credit services provider’s stock worth $1,560,860,000 after acquiring an additional 750,224 shares during the last quarter. 74.69% of the stock is currently owned by institutional investors.

In other news, CEO Ajay Banga sold 239,020 shares of Mastercard stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the completion of the transaction, the chief executive officer now owns 355,411 shares of the company’s stock, valued at approximately $66,095,783.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 17,496 shares of Mastercard stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $185.96, for a total value of $3,253,556.16. Following the transaction, the insider now directly owns 42,229 shares of the company’s stock, valued at approximately $7,852,904.84. The disclosure for this sale can be found here. Insiders have sold a total of 269,631 shares of company stock valued at $50,004,432 in the last ninety days. Corporate insiders own 0.32% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Loop Capital raised their target price on shares of Mastercard to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating and set a $227.00 price objective on the stock in a research report on Wednesday, June 6th. ValuEngine upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. SunTrust Banks lifted their price objective on shares of Mastercard to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $213.00 price objective on shares of Mastercard in a research report on Thursday, May 3rd. Three investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $186.91.

Shares of Mastercard opened at $194.98 on Tuesday, according to Marketbeat Ratings. The firm has a market cap of $210.34 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 1.68 and a beta of 1.18. Mastercard Inc has a one year low of $120.65 and a one year high of $204.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.64 and a current ratio of 1.64.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.26 billion. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The business’s revenue was up 30.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 EPS. analysts forecast that Mastercard Inc will post 6.32 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 9th. Stockholders of record on Monday, July 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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