Insigneo Advisory Services LLC Raises Position in Mastercard Incorporated (NYSE:MA)

Insigneo Advisory Services LLC grew its position in Mastercard Incorporated (NYSE:MA) by 7.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,454 shares of the credit services provider’s stock after buying an additional 839 shares during the period. Mastercard makes up about 0.6% of Insigneo Advisory Services LLC’s investment portfolio, making the stock its 22nd largest holding. Insigneo Advisory Services LLC’s holdings in Mastercard were worth $6,278,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MA. NewSquare Capital LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $26,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter worth approximately $30,000. Finally, 10Elms LLP bought a new position in shares of Mastercard in the fourth quarter worth approximately $33,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 1.2%

Shares of Mastercard stock opened at $568.52 on Tuesday. The stock’s fifty day moving average is $556.98 and its 200-day moving average is $544.29. The firm has a market capitalization of $518.32 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. 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 12-month low of $428.86 and a 12-month high of $594.71.

Mastercard (NYSE:MA) last announced its 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 company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.31 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,645 shares of company stock valued at $26,979,801. Company insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Citigroup upped their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target for the company. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Seven 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.