Blue Trust Inc. Has $3.69 Million Stake in Mastercard Incorporated (NYSE:MA)

Blue Trust Inc. raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 17.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,736 shares of the credit services provider's stock after purchasing an additional 992 shares during the period. Blue Trust Inc.'s holdings in Mastercard were worth $3,692,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in Mastercard during the 4th quarter valued at $26,000. Marshall Investment Management LLC bought a new stake in Mastercard during the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard during the 4th quarter valued at $32,000. Finally, Navigoe LLC bought a new stake in Mastercard during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MA shares. Citigroup boosted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Finally, KeyCorp lifted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider now directly owns 25,540 shares in the company, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,513 shares of company stock valued at $23,166,463 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

MA opened at $538.45 on Thursday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $558.50 and a 200 day moving average price of $544.42. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a market cap of $490.91 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.48 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the business posted $3.31 earnings per share. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.

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