Citizens Business Bank Has $3.97 Million Holdings in Mastercard Incorporated (NYSE:MA)

Citizens Business Bank trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,298 shares of the credit services provider’s stock after selling 581 shares during the period. Citizens Business Bank’s holdings in Mastercard were worth $3,966,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. MONECO Advisors LLC boosted its stake in Mastercard by 391.3% in the 4th quarter. MONECO Advisors LLC now owns 6,583 shares of the credit services provider’s stock worth $2,808,000 after purchasing an additional 5,243 shares during the period. Brighton Jones LLC raised its position in Mastercard by 6.6% in the 4th quarter. Brighton Jones LLC now owns 5,626 shares of the credit services provider’s stock worth $2,400,000 after purchasing an additional 346 shares during the period. Mission Wealth Management LP lifted its stake in shares of Mastercard by 4.7% in the 4th quarter. Mission Wealth Management LP now owns 5,558 shares of the credit services provider’s stock valued at $2,371,000 after acquiring an additional 247 shares during the last quarter. Auxano Advisors LLC boosted its stake in shares of Mastercard by 6.6% during the fourth quarter. Auxano Advisors LLC now owns 1,048 shares of the credit services provider’s stock valued at $447,000 after purchasing an additional 65 shares during the period. Finally, Norden Group LLC boosted its position in Mastercard by 0.7% during the 4th quarter. Norden Group LLC now owns 8,006 shares of the credit services provider’s stock valued at $3,415,000 after buying an additional 54 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Wells Fargo & Company upped their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Robert W. Baird raised their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, Raymond James lifted their target price on shares of 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Price Performance

Shares of NYSE:MA traded down $5.91 on Tuesday, reaching $451.19. 2,696,679 shares of the company were exchanged, compared to its average volume of 2,410,313. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The company has a 50-day moving average of $471.13 and a 200-day moving average of $437.01. The firm has a market cap of $420.91 billion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period in the prior year, the business earned $2.65 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 114,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $462.57, for a total value of $52,732,980.00. Following the transaction, the insider now directly owns 96,767,308 shares of the company’s stock, valued at $44,761,653,661.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 114,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $462.57, for a total transaction of $52,732,980.00. Following the sale, the insider now directly owns 96,767,308 shares of the company’s stock, valued at approximately $44,761,653,661.56. The disclosure for this sale can be found here. Insiders sold a total of 480,630 shares of company stock worth $221,479,470 over the last ninety days. 0.13% of the stock is owned by company insiders.

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.