Mastercard Incorporated (NYSE:MA) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 69.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,793 shares of the credit services provider's stock after selling 573,748 shares during the period. Impax Asset Management Group plc's holdings in Mastercard were worth $138,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the 4th quarter valued at about $31,000. Navigoe LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $33,000. 10Elms LLP acquired a new stake in Mastercard in the fourth quarter valued at approximately $33,000. Truvestments Capital LLC grew its holdings in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after purchasing an additional 25 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the fourth quarter worth $36,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock valued at $20,173,035 over the last ninety days. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, KeyCorp raised their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Trading Up 0.9%

NYSE MA traded up $5.01 on Friday, reaching $566.53. 1,528,739 shares of the company were exchanged, compared to its average volume of 2,670,606. The business's fifty day moving average price is $566.83 and its 200 day moving average price is $546.49. The stock has a market capitalization of $516.51 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted 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 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the firm earned $3.31 earnings per share. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

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.