Mastercard Incorporated (NYSE:MA) Shares Bought by American Trust

American Trust lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,285 shares of the credit services provider's stock after buying an additional 1,128 shares during the quarter. American Trust's holdings in Mastercard were worth $6,469,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewSquare Capital LLC purchased a new position in Mastercard in the 4th quarter worth approximately $26,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard during the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC purchased a new position in Mastercard in the fourth quarter worth about $30,000. Finally, 10Elms LLP bought a new stake in shares of Mastercard during the 4th quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays boosted their price objective on Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their target price on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods upped their price target on shares of Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Raymond James reissued an "outperform" rating and issued a $640.00 price objective (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, Jefferies Financial Group upped their target price on shares of Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $608.57.

Mastercard Stock Up 0.3%

NYSE:MA traded up $1.96 during midday trading on Friday, reaching $579.74. 781,725 shares of the stock traded hands, compared to its average volume of 2,745,853. The stock has a market capitalization of $528.55 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day moving average of $543.16 and a two-hundred day moving average of $539.17.

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

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the 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 directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company'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 value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. Insiders own 0.10% of the company's stock.

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.