NBT Bank N A NY Has $3.59 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

NBT Bank N A NY lowered its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,542 shares of the credit services provider's stock after selling 487 shares during the period. NBT Bank N A NY's holdings in Mastercard were worth $3,586,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MA. Smith Shellnut Wilson LLC ADV grew its stake in shares of Mastercard by 6.0% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 492 shares of the credit services provider's stock valued at $270,000 after buying an additional 28 shares during the period. Vista Investment Partners LLC boosted its holdings in Mastercard by 0.3% in the first quarter. Vista Investment Partners LLC now owns 11,764 shares of the credit services provider's stock worth $6,448,000 after acquiring an additional 41 shares in the last quarter. AA Financial Advisors LLC grew its stake in Mastercard by 3.5% in the first quarter. AA Financial Advisors LLC now owns 825 shares of the credit services provider's stock valued at $452,000 after acquiring an additional 28 shares during the period. Inscription Capital LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $366,000. Finally, Blackston Financial Advisory Group LLC increased its holdings in shares of Mastercard by 19.7% during the first quarter. Blackston Financial Advisory Group LLC now owns 639 shares of the credit services provider's stock valued at $350,000 after acquiring an additional 105 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction dated 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 owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,645 shares of company stock worth $26,979,801 over the last three months. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MA shares. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Evercore ISI began coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Macquarie dropped 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. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Up 1.2%

Shares of NYSE:MA opened at $568.52 on Tuesday. The firm has a market capitalization of $518.32 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. 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 52-week low of $428.86 and a 52-week high of $594.71. The firm has a fifty day moving average of $556.98 and a 200 day moving average of $544.29.

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

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.