TCI Wealth Advisors Inc. Reduces Stock Holdings in Mastercard Incorporated (NYSE:MA)

TCI Wealth Advisors Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,954 shares of the credit services provider's stock after selling 834 shares during the period. TCI Wealth Advisors Inc.'s holdings in Mastercard were worth $1,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. NewSquare Capital LLC purchased a new position in shares of Mastercard in the 4th quarter worth about $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard in the fourth quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the fourth quarter valued at about $32,000. Marshall Investment Management LLC purchased a new position in Mastercard during the 4th quarter valued at about $30,000. Finally, 10Elms LLP bought a new stake in Mastercard in the fourth quarter valued at $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,513 shares of company stock valued at $23,166,463 over the last 90 days. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. UBS Group upped their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. Finally, Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Mastercard Stock Performance

NYSE:MA opened at $538.45 on Thursday. The firm's fifty day simple moving average is $558.50 and its 200-day simple moving average is $544.42. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market cap of $490.91 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.48 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 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. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. Mastercard's revenue was up 14.2% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.

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.