Insigneo Advisory Services LLC Has $6.28 Million Holdings in Mastercard Incorporated (NYSE:MA)

Insigneo Advisory Services LLC boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,454 shares of the credit services provider's stock after buying an additional 839 shares during the quarter. Mastercard makes up about 0.6% of Insigneo Advisory Services LLC's investment portfolio, making the stock its 22nd largest position. Insigneo Advisory Services LLC's holdings in Mastercard were worth $6,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of MA. Brighton Jones LLC raised 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 valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $83,644,000. Bank Pictet & Cie Europe AG increased its stake in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after buying an additional 7,452 shares during the period. Valmark Advisers Inc. raised its holdings in Mastercard by 7.4% during the 4th quarter. Valmark Advisers Inc. now owns 3,775 shares of the credit services provider's stock worth $1,988,000 after purchasing an additional 259 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Mastercard by 7.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,592 shares of the credit services provider's stock worth $3,471,000 after buying an additional 448 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of Mastercard stock traded up $0.89 during trading on Tuesday, reaching $569.56. The company's stock had a trading volume of 2,246,096 shares, compared to its average volume of 2,616,540. 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 business's 50-day moving average price is $556.98 and its 200-day moving average price is $544.29. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The firm has a market cap of $519.27 billion, a PE ratio of 41.01, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data 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. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the company earned $3.31 EPS. The business's revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,645 shares of company stock worth $26,979,801. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MA. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, UBS Group upped their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. 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 stock. According to MarketBeat, the stock 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.