Global Trust Asset Management LLC Sells 675 Shares of Mastercard Incorporated (NYSE:MA)

Global Trust Asset Management LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 8.7% during the 1st quarter, Holdings Channel reports. The fund owned 7,069 shares of the credit services provider’s stock after selling 675 shares during the quarter. Mastercard makes up approximately 2.4% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Global Trust Asset Management LLC’s holdings in Mastercard were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at $26,000. Marshall Investment Management LLC purchased a new position in Mastercard in the fourth quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the fourth quarter valued at $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard in the fourth quarter valued at $32,000. Finally, Navigoe LLC purchased a new position in Mastercard in the fourth quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the business’s 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 sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,645 shares of company stock worth $26,979,801 in the last ninety days. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent analyst reports. UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday. Truist Financial initiated coverage on Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective on the stock. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Seven equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Price Performance

MA stock opened at $568.52 on Tuesday. The firm has a 50 day moving average of $556.98 and a 200-day moving average of $544.29. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market cap of $518.32 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) 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 in the previous year, the firm posted $3.31 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect 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.