Cresset Asset Management LLC Sells 41,639 Shares of Mastercard Incorporated (NYSE:MA)

Cresset Asset Management LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,563 shares of the credit services provider's stock after selling 41,639 shares during the period. Cresset Asset Management LLC's holdings in Mastercard were worth $51,900,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new stake in Mastercard during the fourth quarter worth about $26,000. Marshall Investment Management LLC bought a new position in Mastercard during the 4th quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard during the fourth quarter valued at $32,000. Navigoe LLC bought a new stake in Mastercard in the fourth quarter worth $33,000. Finally, Truvestments Capital LLC grew its stake in shares of Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Morgan Stanley lowered their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Susquehanna lifted their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Barclays upped their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $606.25.

Mastercard Price Performance

Shares of MA stock traded up $1.26 on Friday, reaching $568.38. The company's stock had a trading volume of 1,527,967 shares, compared to its average volume of 2,608,735. The company has a market capitalization of $518.20 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The stock's fifty day simple moving average is $532.17 and its 200-day simple moving average is $533.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $3.31 earnings per share. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Wednesday, April 9th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard's dividend payout ratio is presently 21.32%.

Insider Buying and Selling

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.