AEGON ASSET MANAGEMENT UK Plc Acquires 661 Shares of Mastercard Incorporated (NYSE:MA)

AEGON ASSET MANAGEMENT UK Plc lifted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1,468.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 706 shares of the credit services provider's stock after purchasing an additional 661 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Mastercard were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Whalerock Point Partners LLC raised its holdings in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after purchasing an additional 185 shares in the last quarter. Dock Street Asset Management Inc. lifted its position in shares of Mastercard by 4.5% in the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after buying an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after acquiring an additional 1,194 shares in the last quarter. Avestar Capital LLC increased its holdings in shares of Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after acquiring an additional 550 shares during the last quarter. Finally, Baldwin Investment Management LLC lifted its holdings in Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after purchasing an additional 93 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction 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 $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,207 shares of company stock worth $12,664,529. Insiders own 0.09% of the company's stock.

Mastercard Trading Up 0.1%

Shares of MA stock traded up $0.63 on Thursday, reaching $584.76. 1,479,651 shares of the stock were exchanged, compared to its average volume of 2,601,280. The stock has a 50 day moving average price of $545.93 and a 200 day moving average price of $540.81. The stock has a market cap of $533.13 billion, a PE ratio of 42.10, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $588.45. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Truist Financial began coverage on shares of Mastercard in a research report on Monday. They issued a "buy" rating and a $640.00 price target on the stock. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $610.00.

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.