Legacy Private Trust Co. Sells 1,557 Shares of Mastercard Incorporated (NYSE:MA)

Legacy Private Trust Co. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,858 shares of the credit services provider’s stock after selling 1,557 shares during the quarter. Mastercard comprises about 0.7% of Legacy Private Trust Co.’s portfolio, making the stock its 26th biggest position. Legacy Private Trust Co.’s holdings in Mastercard were worth $10,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MA. Norges Bank bought a new position in Mastercard in the fourth quarter valued at approximately $6,022,224,000. Raymond James Financial Inc. bought a new position in Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC boosted its stake in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after acquiring an additional 1,553,329 shares during the last quarter. Northern Trust Corp boosted its stake in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after acquiring an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC bought a new position in Mastercard in the fourth quarter valued at approximately $617,303,000. 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 Mastercard stock in a transaction 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 sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction 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 owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. UBS Group raised their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley reduced their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada raised their price objective on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $608.57.

Mastercard Trading Up 0.3%

Shares of NYSE:MA opened at $577.36 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company’s fifty day simple moving average is $543.16 and its 200 day simple moving average is $539.17. The firm has a market cap of $526.39 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the business posted $3.31 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS 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.