Mastercard Incorporated (NYSE:MA) Shares Purchased by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 58.3% during the 1st quarter, Holdings Channel reports. The fund owned 95 shares of the credit services provider’s stock after acquiring an additional 35 shares during the quarter. Halbert Hargrove Global Advisors LLC’s holdings in Mastercard were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $26,000. Marshall Investment Management LLC purchased a new position in Mastercard in the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the 4th quarter worth about $31,000. Navigoe LLC purchased a new position in Mastercard in the 4th quarter worth about $33,000. Finally, 10Elms LLP purchased a new position in Mastercard in the 4th quarter worth about $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MA. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $610.00.

Insider Transactions at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider now owns 25,540 shares of the company’s stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,645 shares of company stock worth $26,979,801 over the last three months. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Up 1.2%

MA opened at $568.52 on Tuesday. The business has a 50 day moving average price of $556.98 and a 200 day moving average price of $544.29. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. 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 firm has a market cap of $518.32 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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

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.