Mastercard Incorporated (NYSE:MA) Position Lessened by Wolf Group Capital Advisors

Wolf Group Capital Advisors trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 24.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 7,490 shares of the credit services provider’s stock after selling 2,465 shares during the quarter. Mastercard comprises about 1.4% of Wolf Group Capital Advisors’ holdings, making the stock its 18th biggest position. Wolf Group Capital Advisors’ holdings in Mastercard were worth $4,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MA. Brighton Jones LLC increased 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 worth $3,594,000 after buying an additional 2,028 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Mastercard during the fourth quarter worth $83,644,000. Bank Pictet & Cie Europe AG increased 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 worth $37,108,000 after buying an additional 7,452 shares during the last quarter. NTV Asset Management LLC grew its position in shares of Mastercard by 4.6% in the fourth quarter. NTV Asset Management LLC now owns 1,164 shares of the credit services provider’s stock valued at $613,000 after purchasing an additional 51 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Mastercard by 2.2% in the fourth quarter. Venturi Wealth Management LLC now owns 5,585 shares of the credit services provider’s stock valued at $2,941,000 after purchasing an additional 122 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

NYSE:MA opened at $569.56 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $519.27 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The firm has a 50 day moving average of $558.05 and a 200-day moving average of $544.46. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71.

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, beating analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard 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 completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67% 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 Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction 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 of the company’s stock, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,513 shares of company stock valued at $23,166,463 over the last quarter. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MA shares. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Seven equities 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.