Mastercard Incorporated (NYSE:MA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 293,000 shares of the credit services provider's stock after selling 1,978 shares during the quarter. Janney Montgomery Scott LLC's holdings in Mastercard were worth $160,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $32,000. Finally, Navigoe LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the transaction, the insider now directly owns 58,451 shares in the company, valued at approximately $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,645 shares of company stock worth $26,979,801. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of MA stock traded up $6.49 on Monday, reaching $568.52. 3,107,510 shares of the company were exchanged, compared to its average volume of 2,618,016. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day moving average price of $555.17 and a 200 day moving average price of $544.04. The company has a market cap of $518.32 billion, a price-to-earnings ratio of 40.93, a P/E/G ratio of 2.37 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Seven investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Company 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.