Oxbow Advisors LLC Has $12.89 Million Stake in Mastercard Incorporated (NYSE:MA)

Oxbow Advisors LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 24.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,523 shares of the credit services provider's stock after selling 7,746 shares during the quarter. Mastercard makes up 1.4% of Oxbow Advisors LLC's portfolio, making the stock its 14th largest position. Oxbow Advisors LLC's holdings in Mastercard were worth $12,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the 4th quarter valued at about $31,000. Navigoe LLC bought a new position in Mastercard in the 4th quarter valued at about $33,000. 10Elms LLP bought a new position in Mastercard in the 4th quarter valued at about $33,000. Mpwm Advisory Solutions LLC bought a new position in Mastercard in the 4th quarter valued at about $36,000. Finally, CoreFirst Bank & Trust bought a new position in Mastercard in the 4th quarter valued at about $37,000. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on MA shares. Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Finally, Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Price Performance

Mastercard stock traded up $2.94 during mid-day trading on Monday, reaching $553.12. The company had a trading volume of 2,500,788 shares, compared to its average volume of 2,666,056. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market cap of $504.28 billion, a P/E ratio of 38.79, a P/E/G ratio of 2.39 and a beta of 1.02. The business has a fifty day simple moving average of $568.42 and a 200 day simple moving average of $547.84.

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, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for 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%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock worth $20,351,084 in the last three months. 0.09% of the stock is currently owned by company insiders.

Mastercard 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.