New Century Financial Group LLC Sells 1,752 Shares of Mastercard Incorporated (NYSE:MA)

New Century Financial Group LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 65.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 916 shares of the credit services provider's stock after selling 1,752 shares during the period. New Century Financial Group LLC's holdings in Mastercard were worth $502,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Whalerock Point Partners LLC lifted its holdings in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Mastercard by 1.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after buying an additional 1,194 shares during the period. Baldwin Investment Management LLC boosted its position in shares of Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after purchasing an additional 93 shares during the last quarter. Norges Bank bought a new position in Mastercard during the fourth quarter worth about $6,022,224,000. Finally, Landing Point Financial Group LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $981,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 4.7%

NYSE MA traded down $27.78 on Friday, reaching $561.50. The company had a trading volume of 5,902,461 shares, compared to its average volume of 2,614,237. The business has a 50 day moving average of $555.17 and a two-hundred day moving average of $543.88. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $511.92 billion, a price-to-earnings ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. 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 firm posted $3.31 earnings per share. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Macquarie lowered their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Truist Financial assumed coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Finally, UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $610.00.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,379,709.18. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,686 shares of company stock worth $26,430,428 in the last quarter. Company insiders own 0.09% of the company's stock.

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.