Insigneo Advisory Services LLC Sells 1,836 Shares of Mastercard Incorporated (NYSE:MA)

Insigneo Advisory Services LLC decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,615 shares of the credit services provider's stock after selling 1,836 shares during the period. Mastercard accounts for 0.6% of Insigneo Advisory Services LLC's portfolio, making the stock its 25th largest position. Insigneo Advisory Services LLC's holdings in Mastercard were worth $5,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stenger Family Office LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $3,066,000. Lifelong Wealth Advisors Inc. bought a new stake in Mastercard in the fourth quarter valued at about $258,000. Montag & Caldwell LLC bought a new position in Mastercard during the fourth quarter worth about $142,000. Jump Financial LLC grew its position in shares of Mastercard by 14.1% during the 4th quarter. Jump Financial LLC now owns 3,940 shares of the credit services provider's stock worth $2,075,000 after buying an additional 486 shares during the period. Finally, Kane Investment Management Inc. bought a new stake in shares of Mastercard in the 4th quarter valued at about $2,453,000. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. KeyCorp boosted their price target on shares of Mastercard from $600.00 to $630.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Susquehanna boosted their target price on Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $607.96.

Mastercard Stock Up 0.8 %

Shares of NYSE MA traded up $4.03 during trading hours on Friday, hitting $517.46. The company had a trading volume of 3,329,748 shares, compared to its average volume of 2,624,345. The stock has a market capitalization of $471.77 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The firm's 50 day moving average is $537.86 and its 200-day moving average is $528.79. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.59%. Mastercard's dividend payout ratio is 21.89%.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction dated 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 owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

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.