Mastercard Incorporated (NYSE:MA) Shares Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 17.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,485 shares of the credit services provider's stock after buying an additional 808 shares during the period. Sendero Wealth Management LLC's holdings in Mastercard were worth $3,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Mastercard in the fourth quarter valued at approximately $6,022,224,000. GAMMA Investing LLC grew its stake 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 valued at $4,508,636,000 after buying an additional 8,213,123 shares in 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 position in shares of Mastercard by 79,739.7% in the 4th 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 raised its stake in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Mastercard from $630.00 to $655.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. KeyCorp increased their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note 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 research report on Monday, May 5th. Macquarie reduced their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Six investment 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $610.00.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.63 during trading hours on Thursday, hitting $584.76. The company's stock had a trading volume of 1,479,651 shares, compared to its average volume of 2,601,280. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $533.13 billion, a PE ratio of 42.10, a PEG ratio of 2.37 and a beta of 1.05. The business has a 50 day moving average price of $545.93 and a two-hundred day moving average price of $540.81.

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

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 over the last three months. 0.09% of the stock is owned by corporate insiders.

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.