Mastercard (NYSE:MA) Price Target Cut to $510.00 by Analysts at JPMorgan Chase & Co.

Mastercard (NYSE:MA) had its price target decreased by JPMorgan Chase & Co. from $520.00 to $510.00 in a research note issued to investors on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the credit services provider’s stock.

Other research analysts have also issued research reports about the company. Wells Fargo & Company raised their price objective on Mastercard from $490.00 to $530.00 and gave the company an overweight rating in a research report on Wednesday, March 6th. Raymond James upped their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Robert W. Baird lifted their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an outperform rating in a report on Thursday, April 18th. Mizuho cut their price target on shares of Mastercard from $480.00 to $478.00 and set a buy rating on the stock in a report on Thursday. Finally, Oppenheimer reissued an outperform rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $493.55.

Mastercard Stock Up 0.6 %

MA traded up $2.51 during trading on Thursday, reaching $443.61. The stock had a trading volume of 3,711,502 shares, compared to its average volume of 2,472,272. Mastercard has a one year low of $357.85 and a one year high of $490.00. The company has a market capitalization of $413.84 billion, a price-to-earnings ratio of 35.26, a P/E/G ratio of 1.68 and a beta of 1.08. The company has a current ratio of 1.09, a quick ratio of 1.17 and a debt-to-equity ratio of 1.86. The stock’s 50 day moving average is $470.17 and its two-hundred day moving average is $437.44.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $2.80 EPS. As a group, analysts expect that Mastercard will post 14.32 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders 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 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is 20.99%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders sold a total of 583,088 shares of company stock valued at $266,873,978 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Institutional investors have recently made changes to their positions in the company. Activest Wealth Management boosted its holdings in Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the period. Cross Staff Investments Inc boosted its stake in shares of Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA grew its holdings in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp lifted its holdings in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after buying an additional 33 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Company 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.