Mastercard Incorporated (NYSE:MA) Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC trimmed its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 14.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,530 shares of the credit services provider's stock after selling 1,274 shares during the quarter. Capital Asset Advisory Services LLC's holdings in Mastercard were worth $4,122,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MA. Norges Bank acquired a new position in shares of Mastercard in the fourth quarter worth $6,022,224,000. GAMMA Investing LLC raised its holdings in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mastercard in the fourth quarter worth $837,017,000. Proficio Capital Partners LLC increased its stake in Mastercard by 79,739.7% in 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 purchasing an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp increased its stake 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 valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now owns 3,255 shares in the company, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on MA. Wells Fargo & Company upped their target price on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Truist Financial began coverage on Mastercard in a research note on Monday. They issued a "buy" rating and a $640.00 target price for the company. Jefferies Financial Group upped their target price on Mastercard from $630.00 to $655.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Citigroup upped their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, UBS Group upped their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday. Six 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 company's stock. According to MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Stock Up 0.4%

Shares of NYSE:MA traded up $2.37 during trading on Wednesday, hitting $584.34. The company's stock had a trading volume of 1,530,155 shares, compared to its average volume of 2,603,741. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45. The stock's 50-day moving average price is $545.06 and its two-hundred day moving average price is $540.50. The company has a market capitalization of $532.75 billion, a PE ratio of 42.07, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results 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 business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 earnings per share. The company's revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS 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.