Kelly Financial Group LLC Buys Shares of 1,394 Mastercard Incorporated (NYSE:MA)

Kelly Financial Group LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,394 shares of the credit services provider’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,686 shares of company stock valued at $26,430,428. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MA shares. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. 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. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp raised their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Seven 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, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Stock Performance

Shares of NYSE:MA opened at $561.50 on Friday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The stock has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a PEG ratio of 2.37 and a beta of 1.05. The firm has a fifty day simple moving average of $555.17 and a two-hundred day simple moving average of $543.88. 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) 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 during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the company posted $3.31 EPS. The business’s revenue was up 14.2% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

About Mastercard

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.