Mastercard Incorporated (NYSE:MA) Shares Purchased by GAM Holding AG

GAM Holding AG boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 22.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,297 shares of the credit services provider's stock after buying an additional 5,464 shares during the quarter. Mastercard makes up approximately 1.3% of GAM Holding AG's portfolio, making the stock its 15th largest holding. GAM Holding AG's holdings in Mastercard were worth $16,606,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MA. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter valued at approximately $6,022,224,000. GAMMA Investing LLC raised its stake in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Mastercard in the 4th quarter valued at $837,017,000. Proficio Capital Partners LLC boosted its stake in Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the sale, the insider now owns 58,451 shares in the company, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,513 shares of company stock worth $23,166,463 in the last three months. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. KeyCorp upped their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Stock Down 1.2%

Mastercard stock opened at $532.18 on Friday. The company has a market capitalization of $485.19 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 2.35 and a beta of 1.05. 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 fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm has a 50 day moving average price of $559.72 and a 200 day moving average price of $544.51.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company's revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.31 earnings per share. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

About Mastercard

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.

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