Invesco LLC Sells 1,237 Shares of Mastercard Incorporated (NYSE:MA)

Invesco LLC lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 17.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,905 shares of the credit services provider's stock after selling 1,237 shares during the quarter. Mastercard makes up approximately 1.3% of Invesco LLC's portfolio, making the stock its 21st biggest holding. Invesco LLC's holdings in Mastercard were worth $3,237,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MA. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard during the 4th quarter valued at $32,000. 10Elms LLP purchased a new stake in shares of Mastercard during the fourth quarter worth $33,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter worth $33,000. Institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MA. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. 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 report on Tuesday, June 3rd. Finally, Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Trading Down 1.3%

Shares of NYSE MA traded down $7.51 during midday trading on Wednesday, reaching $550.02. The company had a trading volume of 2,889,115 shares, compared to its average volume of 2,659,324. The stock has a market cap of $501.46 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The firm's fifty day moving average price is $561.13 and its 200-day moving average price is $545.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating 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 firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company posted $3.31 earnings per share. The business's revenue was up 14.2% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard's payout ratio is currently 21.32%.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction on Thursday, June 5th. The shares were 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 directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 949 shares of Mastercard stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $535.80, for a total transaction of $508,474.20. Following the sale, the insider now directly owns 14,021 shares in the company, valued at $7,512,451.80. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,115 shares of company stock valued at $18,324,718 in the last quarter. Insiders own 0.09% of the company's stock.

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.