Tolleson Wealth Management Inc. Lowers Position in Mastercard Incorporated (NYSE:MA)

Tolleson Wealth Management Inc. cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,388 shares of the credit services provider’s stock after selling 32 shares during the quarter. Mastercard accounts for about 0.6% of Tolleson Wealth Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Tolleson Wealth Management Inc.’s holdings in Mastercard were worth $2,837,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MA. Whalerock Point Partners LLC lifted its stake in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after acquiring an additional 185 shares in the last quarter. Dock Street Asset Management Inc. lifted its stake in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock worth $35,932,000 after acquiring an additional 2,931 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after acquiring an additional 1,194 shares in the last quarter. Avestar Capital LLC lifted its stake in Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock worth $2,955,000 after acquiring an additional 550 shares in the last quarter. Finally, Norges Bank acquired a new position in Mastercard during the 4th quarter worth about $6,022,224,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares in the company, valued at $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. In the last ninety days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

MA has been the topic of several research reports. Morgan Stanley decreased their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Susquehanna increased their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. 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, Raymond James reaffirmed an “outperform” rating and issued a $640.00 price target (up previously from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Trading Up 0.1%

NYSE:MA opened at $582.97 on Friday. The stock’s 50 day moving average price is $535.67 and its 200 day moving average price is $535.63. The company has a market capitalization of $531.49 billion, a PE ratio of 41.97, a P/E/G ratio of 2.37 and a beta of 1.06. 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 Incorporated has a 52-week low of $428.86 and a 52-week high of $584.29.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.31 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current 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.