Tolleson Wealth Management Inc. cut its holdings in Mastercard Inc (NYSE:MA) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,548 shares of the credit services provider’s stock after selling 1,080 shares during the period. Mastercard accounts for 1.7% of Tolleson Wealth Management Inc.’s investment portfolio, making the stock its 9th biggest position. Tolleson Wealth Management Inc.’s holdings in Mastercard were worth $2,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Joseph P. Lucia & Associates LLC bought a new stake in Mastercard during the second quarter valued at approximately $26,000. Ellis Investment Partners LLC purchased a new position in Mastercard in the first quarter worth $30,000. Evolution Wealth Advisors LLC purchased a new position in Mastercard in the second quarter worth $31,000. Delphi Private Advisors LLC bought a new position in Mastercard in the second quarter valued at $31,000. Finally, Field & Main Bank bought a new position in Mastercard in the first quarter valued at $38,000. 74.68% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on MA shares. Wedbush upped their price objective on Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Bank of America raised their price objective on Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Deutsche Bank boosted their target price on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Barclays upped their target price on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $291.80.

In other news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the transaction, the insider now directly owns 134,120 shares in the company, valued at $34,844,376. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lance Darrell Gordon Uggla purchased 1,500 shares of Mastercard stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $275.71 per share, with a total value of $413,565.00. Following the completion of the acquisition, the director now directly owns 3,691 shares of the company’s stock, valued at $1,017,645.61. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 200,307 shares of company stock worth $54,217,743. Corporate insiders own 3.70% of the company’s stock.

Shares of MA traded down $2.75 on Wednesday, reaching $269.58. The stock had a trading volume of 706,108 shares, compared to its average volume of 2,833,196. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $277.76 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. The company has a 50-day simple moving average of $277.13 and a 200-day simple moving average of $255.64. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. On average, analysts expect that Mastercard Inc will post 7.61 EPS for the current fiscal year.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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