Mastercard Incorporated (NYSE:MA) Shares Bought by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 58.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95 shares of the credit services provider’s stock after purchasing an additional 35 shares during the quarter. Halbert Hargrove Global Advisors LLC’s holdings in Mastercard were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MA. Brighton Jones LLC grew its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Mastercard during the fourth quarter valued at about $83,644,000. Bank Pictet & Cie Europe AG grew its position in Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after acquiring an additional 7,452 shares during the period. Valmark Advisers Inc. grew its position in Mastercard by 7.4% during the fourth quarter. Valmark Advisers Inc. now owns 3,775 shares of the credit services provider’s stock valued at $1,988,000 after acquiring an additional 259 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in Mastercard by 7.3% during the fourth quarter. J.W. Cole Advisors Inc. now owns 6,592 shares of the credit services provider’s stock valued at $3,471,000 after acquiring an additional 448 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following 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. In the last ninety days, insiders have sold 47,645 shares of company stock worth $26,979,801. 0.09% of the stock is currently owned by company insiders.

Mastercard Trading Up 1.2%

NYSE:MA opened at $568.52 on Tuesday. 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 business’s 50 day moving average is $556.98 and its two-hundred day moving average is $544.29. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market cap of $518.32 billion, a PE ratio of 40.93, a P/E/G 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 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $3.31 EPS. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Macquarie lowered their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.