Curi RMB Capital LLC Sells 10,148 Shares of Mastercard Incorporated $MA

Key Points

• Curi RMB Capital LLC has reduced its holdings in Mastercard Incorporated by 25.9%, selling 10,148 shares in the first quarter, leaving it with 29,021 shares valued at nearly $15.9 million.
• Insider transactions include Craig Vosburg selling 9,428 shares valued over $3.3 million, indicating a 13.89% decrease in his ownership.
• Mastercard reported earnings of $4.15 per share, exceeding analyst estimates, and has announced a quarterly dividend of $0.76 per share with a yield of 0.5%.

Curi RMB Capital LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 25.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,021 shares of the credit services provider's stock after selling 10,148 shares during the quarter. Curi RMB Capital LLC's holdings in Mastercard were worth $15,907,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Keystone Global Partners LLC bought a new position in Mastercard during the first quarter worth about $31,000. Measured Risk Portfolios Inc. bought a new position in Mastercard during the fourth quarter worth about $31,000. 10Elms LLP bought a new position in Mastercard during the fourth quarter worth about $33,000. Hughes Financial Services LLC bought a new position in Mastercard during the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Mastercard during the fourth quarter worth about $36,000. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Royal Bank Of Canada increased their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective on the stock. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $626.54.

Mastercard Price Performance

Shares of MA traded down $11.43 during mid-day trading on Friday, reaching $584.21. The company had a trading volume of 2,432,106 shares, compared to its average volume of 2,252,842. The company's 50 day simple moving average is $572.59 and its 200 day simple moving average is $557.52. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $528.13 billion, a price-to-earnings ratio of 39.39, a P/E/G ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the company posted $3.50 EPS. The firm's quarterly revenue was up 16.8% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,481 shares of company stock worth $32,616,595 in the last quarter. Corporate insiders own 0.09% of the company's stock.

About Mastercard

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.