Legacy Private Trust Co. Decreases Stock Position in Mastercard Incorporated (NYSE:MA)

Legacy Private Trust Co. lowered its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 7.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,858 shares of the credit services provider's stock after selling 1,557 shares during the quarter. Mastercard makes up about 0.7% of Legacy Private Trust Co.'s holdings, making the stock its 26th biggest position. Legacy Private Trust Co.'s holdings in Mastercard were worth $10,885,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new position in Mastercard in the 4th quarter valued at about $6,022,224,000. Raymond James Financial Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC increased its stake in shares of Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock valued at $818,962,000 after acquiring an additional 1,553,329 shares during the period. Northern Trust Corp grew its position in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC acquired a new position in Mastercard in the 4th quarter worth approximately $617,303,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MA shares. DZ Bank raised shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a research note on Tuesday, February 4th. Barclays lifted their target price on shares of Mastercard from $595.00 to $650.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Stock Down 0.6%

Shares of Mastercard stock traded down $3.26 during trading on Tuesday, reaching $577.96. 927,549 shares of the company traded hands, compared to its average volume of 2,601,605. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45. The company has a 50 day moving average price of $544.56 and a 200-day moving average price of $540.21. The firm has a market capitalization of $526.93 billion, a PE ratio of 41.61, a P/E/G ratio of 2.37 and a beta of 1.06.

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

Insider Transactions at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by corporate insiders.

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.