Mastercard Incorporated (NYSE:MA) Shares Sold by Select Asset Management & Trust

Select Asset Management & Trust decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 45.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,059 shares of the credit services provider's stock after selling 900 shares during the quarter. Select Asset Management & Trust's holdings in Mastercard were worth $558,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at $32,000. Truvestments Capital LLC increased its holdings in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Mastercard during the fourth quarter worth $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MA shares. Royal Bank of Canada lifted their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp boosted their price target on Mastercard from $600.00 to $630.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley reduced their price objective on Mastercard from $654.00 to $644.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Susquehanna lifted their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average price target of $607.96.

Mastercard Trading Down 0.4 %

NYSE MA traded down $2.20 on Friday, reaching $533.26. The stock had a trading volume of 2,006,101 shares, compared to its average volume of 2,622,724. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The stock has a fifty day moving average price of $534.74 and a two-hundred day moving average price of $529.64. The firm has a market capitalization of $486.18 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 2.37 and a beta of 1.06. 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 posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is currently 21.89%.

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.