Mastercard Incorporated (NYSE:MA) is Global Trust Asset Management LLC's 6th Largest Position

Global Trust Asset Management LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,069 shares of the credit services provider's stock after selling 675 shares during the period. Mastercard makes up 2.4% of Global Trust Asset Management LLC's portfolio, making the stock its 6th biggest holding. Global Trust Asset Management LLC's holdings in Mastercard were worth $3,875,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. NewSquare Capital LLC acquired a new position in Mastercard in the fourth quarter worth about $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the fourth quarter worth about $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the fourth quarter worth about $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the fourth quarter worth about $33,000. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,645 shares of company stock valued at $26,979,801 over the last three months. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

NYSE MA traded up $0.89 on Tuesday, hitting $569.56. The stock had a trading volume of 2,246,096 shares, compared to its average volume of 2,616,540. The firm has a 50-day moving average of $556.98 and a 200-day moving average of $544.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a market capitalization of $519.27 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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

Analysts Set New Price Targets

Several research firms have recently commented on MA. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. UBS Group increased their price objective 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. Evercore ISI started coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

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.