Mastercard Incorporated (NYSE:MA) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 27.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 68,464 shares of the credit services provider's stock after acquiring an additional 14,637 shares during the quarter. Achmea Investment Management B.V.'s holdings in Mastercard were worth $37,526,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. KeyCorp lifted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,383 shares of company stock worth $19,035,108 in the last ninety days. Insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $546.71 on Friday. The business's 50-day simple moving average is $562.44 and its 200-day simple moving average is $545.20. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. 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 $498.44 billion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.40 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the business earned $3.31 EPS. The business's revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.