Trinity Financial Advisors LLC Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Trinity Financial Advisors LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 253.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,520 shares of the credit services provider's stock after purchasing an additional 1,807 shares during the period. Trinity Financial Advisors LLC's holdings in Mastercard were worth $1,381,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MA. NewSquare Capital LLC bought a new position in shares of Mastercard in the fourth quarter worth about $26,000. Marshall Investment Management LLC bought a new position in Mastercard in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the 4th quarter worth about $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the fourth quarter worth $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

MA traded down $1.99 on Thursday, reaching $588.75. 1,983,945 shares of the stock were exchanged, compared to its average volume of 2,602,282. The company's 50-day moving average price is $553.50 and its 200 day moving average price is $543.65. The firm has a market capitalization of $536.77 billion, a PE ratio of 42.39, a PEG 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. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MA. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, KeyCorp raised their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock valued at $20,885,067 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

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.