First National Bank of Omaha Has $6.69 Million Stock Position in Mastercard Incorporated (NYSE:MA)

First National Bank of Omaha reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 13,549 shares of the credit services provider’s stock after selling 1,168 shares during the quarter. First National Bank of Omaha’s holdings in Mastercard were worth $6,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC bought a new position in Mastercard in the second quarter worth $35,000. First Personal Financial Services acquired a new stake in Mastercard during the third quarter worth $39,000. Finally, Lowe Wealth Advisors LLC increased its holdings in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

MA stock opened at $528.57 on Friday. Mastercard Incorporated has a twelve month low of $409.23 and a twelve month high of $535.77. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $485.14 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. The business’s fifty day moving average is $513.84 and its 200-day moving average is $478.65.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.39 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Analyst Ratings Changes

A number of analysts recently weighed in on MA shares. KeyCorp upped their target price on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Citigroup increased their price objective on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $551.42.

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.