Tilia Fiduciary Partners Inc. Trims Stock Holdings in Mastercard Incorporated (NYSE:MA)

Tilia Fiduciary Partners Inc. trimmed its position in Mastercard Incorporated (NYSE:MA) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,739 shares of the credit services provider’s stock after selling 28 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Mastercard were worth $953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Addison Advisors LLC lifted its holdings in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after purchasing an additional 18 shares in the last quarter. Augustine Asset Management Inc. lifted its holdings in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after purchasing an additional 19 shares in the last quarter. Richard W. Paul & Associates LLC lifted its holdings in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after purchasing an additional 19 shares in the last quarter. Founders Financial Alliance LLC lifted its holdings in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after acquiring an additional 19 shares during the period. Finally, BlackDiamond Wealth Management LLC lifted its holdings in Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock valued at $445,000 after acquiring an additional 19 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE MA opened at $590.03 on Friday. 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 stock has a fifty day moving average price of $547.49 and a 200 day moving average price of $541.93. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $591.16. The company has a market cap of $537.94 billion, a PE ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $3.31 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred 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 directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MA. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. Finally, KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.