Mastercard Incorporated (NYSE:MA) Shares Sold by Charles Schwab Trust Co

Charles Schwab Trust Co lessened its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,611 shares of the credit services provider's stock after selling 1,370 shares during the quarter. Charles Schwab Trust Co's holdings in Mastercard were worth $3,624,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in Mastercard by 42.3% during 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 acquired a new stake in Mastercard during the fourth quarter worth approximately $83,644,000. Tempus Wealth Planning LLC boosted its position in Mastercard by 7.0% during the fourth quarter. Tempus Wealth Planning LLC now owns 841 shares of the credit services provider's stock worth $443,000 after acquiring an additional 55 shares during the last quarter. Ninety One UK Ltd raised its stake in Mastercard by 3.9% during the fourth quarter. Ninety One UK Ltd now owns 1,033,810 shares of the credit services provider's stock worth $544,373,000 after purchasing an additional 38,606 shares during the period. Finally, Ninety One SA PTY Ltd raised its stake in Mastercard by 0.8% during the fourth quarter. Ninety One SA PTY Ltd now owns 14,609 shares of the credit services provider's stock worth $7,693,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Up 0.8%

Shares of NYSE:MA traded up $4.59 on Friday, hitting $590.03. 1,528,611 shares of the company traded hands, compared to its average volume of 2,605,391. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a 50 day simple moving average of $547.49 and a 200-day simple moving average of $542.12. The company has a market cap of $537.94 billion, a PE ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the firm posted $3.31 earnings per share. The business's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MA. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. UBS Group upped their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. KeyCorp increased their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. Seven investment 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 stock. According to data from MarketBeat.com, Mastercard 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.