Quintet Private Bank Europe S.A. Sells 337 Shares of Mastercard Incorporated (NYSE:MA)

Quintet Private Bank Europe S.A. lowered its stake in Mastercard Incorporated (NYSE:MA) by 4.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,160 shares of the credit services provider’s stock after selling 337 shares during the period. Quintet Private Bank Europe S.A.’s holdings in Mastercard were worth $4,473,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter worth approximately $26,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard during the fourth quarter worth $32,000. Marshall Investment Management LLC bought a new position in Mastercard in the fourth quarter valued at about $30,000. Finally, 10Elms LLP bought a new position in Mastercard in the fourth quarter valued at about $33,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $588.75 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The stock’s 50 day moving average price is $553.50 and its two-hundred day moving average price is $543.65. The stock has a market capitalization of $536.77 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for 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 quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.31 EPS. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Transactions at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now owns 3,555 shares of the company’s stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,258 shares of company stock valued at $20,885,067 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

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.