TBH Global Asset Management LLC Trims Stake in Mastercard Incorporated (NYSE:MA)

TBH Global Asset Management LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 18,688 shares of the credit services provider’s stock after selling 2,047 shares during the period. Mastercard accounts for approximately 1.6% of TBH Global Asset Management LLC’s portfolio, making the stock its 12th largest position. TBH Global Asset Management LLC’s holdings in Mastercard were worth $7,971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management boosted its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc grew its position in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after acquiring an additional 441 shares during the period. Everett Harris & Co. CA boosted its position in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. JPMorgan Chase & Co. decreased their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley cut their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. KeyCorp boosted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Royal Bank of Canada lifted their target price on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,785,580 shares of company stock worth $812,239,407. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA traded down $0.03 on Friday, reaching $451.18. 2,161,851 shares of the company’s stock were exchanged, compared to its average volume of 2,420,568. The company has a fifty day moving average of $464.86 and a 200-day moving average of $444.94. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a market capitalization of $419.42 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.79 and a beta of 1.08. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business posted $2.80 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, research analysts predict that Mastercard Incorporated will post 14.23 EPS for the current fiscal year.

Mastercard Company 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.