Castleview Partners LLC Lowers Position in Mastercard Incorporated (NYSE:MA)

Castleview Partners LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 9.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,409 shares of the credit services provider’s stock after selling 261 shares during the period. Mastercard makes up 0.9% of Castleview Partners LLC’s investment portfolio, making the stock its 25th largest position. Castleview Partners LLC’s holdings in Mastercard were worth $1,320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whalerock Point Partners LLC raised its holdings in shares of Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after acquiring an additional 185 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of 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 valued at $37,841,000 after purchasing an additional 1,194 shares during the last quarter. Baldwin Investment Management LLC increased its position in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after purchasing an additional 93 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock valued at $3,766,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Mastercard during the 4th quarter valued at about $6,022,224,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Citigroup increased their price objective on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Price Performance

Shares of MA stock opened at $532.18 on Friday. The firm has a market cap of $485.19 billion, a P/E ratio of 37.32, a P/E/G ratio of 2.35 and a beta of 1.05. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The business’s 50 day moving average price is $559.72 and its 200-day moving average price is $544.51. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $3.31 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value 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 approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,513 shares of company stock worth $23,166,463. 0.09% of the stock is currently owned by 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.