Carr Financial Group Corp Sells 780 Shares of Mastercard Incorporated (NYSE:MA)

Carr Financial Group Corp lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 32.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,605 shares of the credit services provider's stock after selling 780 shares during the period. Carr Financial Group Corp's holdings in Mastercard were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Mastercard in the fourth quarter valued at about $83,644,000. Bank Pictet & Cie Europe AG boosted its stake in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after acquiring an additional 7,452 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Mastercard during the fourth quarter worth about $89,000. Finally, Jessup Wealth Management Inc bought a new stake in Mastercard during the 4th quarter valued at approximately $211,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, 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 of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. 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. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on MA. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price for the company. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Trading Down 5.4%

Shares of NYSE MA opened at $538.45 on Friday. The firm has a market cap of $490.91 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The business has a fifty day simple moving average of $559.27 and a two-hundred day simple moving average of $544.47.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.31 EPS. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.

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