Mastercard Incorporated (NYSE:MA) Shares Sold by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,739 shares of the credit services provider’s stock after selling 28 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in Mastercard were worth $953,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC grew its stake in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC grew its stake in shares of Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after buying an additional 282,739 shares during the period. Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP grew its stake in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after buying an additional 817,836 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MA. Truist Financial began coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Mastercard Stock Up 0.8%

Shares of NYSE:MA opened at $590.03 on Friday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.16. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $537.94 billion, a PE ratio of 42.48, a PEG ratio of 2.37 and a beta of 1.05. The company has a 50 day moving average price of $547.49 and a two-hundred day moving average price of $541.93.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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 net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the business posted $3.31 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This represents a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is owned by company insiders.

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.