Trust Point Inc. Has $2.65 Million Holdings in Mastercard Incorporated (NYSE:MA)

Trust Point Inc. trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 27.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,829 shares of the credit services provider's stock after selling 1,834 shares during the quarter. Trust Point Inc.'s holdings in Mastercard were worth $2,647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Whalerock Point Partners LLC raised its holdings in shares of Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after acquiring an additional 1,194 shares in the last quarter. Baldwin Investment Management LLC lifted its holdings in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after acquiring an additional 93 shares during the period. Norges Bank bought a new position in shares of Mastercard during the fourth quarter valued at $6,022,224,000. Finally, Landing Point Financial Group LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $981,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were 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 represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,686 shares of company stock valued at $26,430,428 over the last ninety days. Insiders own 0.09% of the company's stock.

Mastercard Trading Down 4.7%

MA opened at $561.50 on Monday. 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 company has a market cap of $511.92 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The firm has a 50 day simple moving average of $555.17 and a 200 day simple moving average of $544.04. 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 posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during 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 for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus target price of $610.00.

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.

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