Steel Grove Capital Advisors LLC Has $665,000 Stock Position in Mastercard Incorporated (NYSE:MA)

Steel Grove Capital Advisors LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,213 shares of the credit services provider’s stock after selling 50 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Mastercard were worth $665,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter worth about $6,022,224,000. GAMMA Investing LLC boosted its stake in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mastercard during the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC increased its stake in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Macquarie decreased their price target 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. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Citigroup lifted their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Trading Down 5.4%

NYSE MA opened at $538.45 on Thursday. 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 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a 50 day moving average of $558.50 and a 200-day moving average of $544.42. The company has a market cap of $490.91 billion, a PE ratio of 37.76, a PEG ratio of 2.48 and a beta of 1.05.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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. The firm had revenue of $7.25 billion for 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%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the sale, the insider now owns 25,540 shares of the company’s stock, valued at $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction 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 directly owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,513 shares of company stock worth $23,166,463 in the last ninety days. Insiders own 0.09% of the company’s stock.

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.