Gilman Hill Asset Management LLC Sells 39 Shares of Mastercard Incorporated (NYSE:MA)

Gilman Hill Asset Management LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 568 shares of the credit services provider’s stock after selling 39 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Mastercard were worth $311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MA. Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at $6,022,224,000. GAMMA Investing LLC increased its stake in shares of Mastercard by 65,631.5% in 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 purchasing an additional 8,213,123 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mastercard in the 4th quarter worth $837,017,000. Proficio Capital Partners LLC increased its stake in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after purchasing an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Mastercard by 15.2% in the 4th 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 in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 0.1%

Shares of MA opened at $584.76 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. The firm has a 50-day moving average price of $546.65 and a 200 day moving average price of $541.24. The firm has a market capitalization of $533.13 billion, a P/E ratio of 42.10, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the firm posted $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on MA. Truist Financial began coverage on Mastercard in a research note on Monday. They issued a “buy” rating and a $640.00 price objective for the company. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 target price on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $610.00.

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.