Assenagon Asset Management S.A. Has $14.25 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Assenagon Asset Management S.A. trimmed its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 86.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 25,994 shares of the credit services provider's stock after selling 168,427 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Mastercard were worth $14,248,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in MA. Addison Advisors LLC increased its position in Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after buying an additional 18 shares during the last quarter. Richard W. Paul & Associates LLC increased its position in Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after buying an additional 19 shares during the last quarter. Founders Financial Alliance LLC increased its position in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after buying an additional 19 shares during the last quarter. BlackDiamond Wealth Management LLC increased its position in Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after buying an additional 19 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC increased its position in Mastercard by 2.6% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $588.18, for a total value of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares of the company's stock, valued at $34,379,709.18. The trade was a 13.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,645 shares of company stock worth $26,979,801 in the last ninety days. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MA shares. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Trading Up 0.2%

MA stock traded up $0.89 on Tuesday, hitting $569.56. 2,246,096 shares of the company were exchanged, compared to its average volume of 2,617,611. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The business's fifty day moving average is $558.05 and its two-hundred day moving average is $544.46. The stock has a market capitalization of $519.27 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

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

Mastercard Company 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.