UMB Bank n.a. Sells 2,395 Shares of Mastercard Incorporated (NYSE:MA)

UMB Bank n.a. reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,936 shares of the credit services provider's stock after selling 2,395 shares during the quarter. Mastercard makes up about 1.0% of UMB Bank n.a.'s portfolio, making the stock its 21st largest position. UMB Bank n.a.'s holdings in Mastercard were worth $65,261,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in Mastercard in the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $34,000. First Personal Financial Services bought a new stake in shares of Mastercard in the 3rd quarter valued at $39,000. Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock valued at $43,000 after acquiring an additional 37 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Mastercard during the third quarter worth $54,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA traded up $2.08 on Monday, reaching $525.22. 2,373,992 shares of the company's stock traded hands, compared to its average volume of 2,205,146. The stock's 50 day simple moving average is $524.28 and its two-hundred day simple moving average is $494.92. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 52-week low of $427.45 and a 52-week high of $537.70. The stock has a market cap of $482.06 billion, a PE ratio of 39.73, a PEG ratio of 2.00 and a beta of 1.10.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during 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 business's revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $3.39 EPS. On average, analysts forecast that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.

Mastercard announced that its board has approved a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. This is an increase from Mastercard's previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard's dividend payout ratio is currently 19.97%.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. Citigroup upped their price objective on shares of Mastercard from $572.00 to $584.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Jefferies Financial Group upped their price target on Mastercard from $590.00 to $610.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Mastercard from $510.00 to $580.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Robert W. Baird upped their target price on Mastercard from $545.00 to $575.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, William Blair reiterated an "outperform" rating on shares of Mastercard in a report on Monday, November 25th. Four equities 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $566.63.

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.