Kelly Financial Group LLC Invests $764,000 in Mastercard Incorporated (NYSE:MA)

Kelly Financial Group LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,394 shares of the credit services provider's stock, valued at approximately $764,000.

Several other institutional investors have also recently made changes to their positions in MA. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Mastercard in the 4th quarter worth about $83,644,000. Van ECK Associates Corp boosted its holdings in shares of Mastercard by 3.8% in the 4th quarter. Van ECK Associates Corp now owns 184,677 shares of the credit services provider's stock worth $97,246,000 after buying an additional 6,781 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Mastercard by 1.1% in the 4th quarter. Naples Global Advisors LLC now owns 2,019 shares of the credit services provider's stock worth $1,063,000 after buying an additional 21 shares during the last quarter. Finally, Buckhead Capital Management LLC boosted its holdings in shares of Mastercard by 0.6% in the 4th quarter. Buckhead Capital Management LLC now owns 3,140 shares of the credit services provider's stock worth $1,653,000 after buying an additional 20 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In other Mastercard news, 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 directly owns 3,555 shares in the company, valued at $2,024,394.75. This trade represents a 4.05% 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 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 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 three months, insiders have sold 46,686 shares of company stock worth $26,430,428. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of MA stock traded down $27.78 during trading on Friday, hitting $561.50. The company had a trading volume of 5,902,461 shares, compared to its average volume of 2,616,055. 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 stock's 50-day moving average is $555.17 and its two-hundred day moving average is $543.96. The stock has a market capitalization of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted 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. The company 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%. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.31 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on MA shares. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Citigroup upped their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average target price of $610.00.

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.