Union Savings Bank Sells 51 Shares of Mastercard Incorporated (NYSE:MA)

Union Savings Bank decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.5% in the first quarter, HoldingsChannel reports. The firm owned 3,365 shares of the credit services provider’s stock after selling 51 shares during the quarter. Mastercard makes up 0.9% of Union Savings Bank’s investment portfolio, making the stock its 19th biggest position. Union Savings Bank’s holdings in Mastercard were worth $1,844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Norges Bank bought a new position in Mastercard during the 4th quarter valued at approximately $6,022,224,000. GAMMA Investing LLC increased its position in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Raymond James Financial Inc. bought a new position in Mastercard during the 4th quarter valued at approximately $837,017,000. Proficio Capital Partners LLC increased its position in Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after buying an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp increased its position in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the company’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 sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,513 shares of company stock valued at $23,166,463. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock opened at $532.18 on Friday. The stock’s 50-day simple moving average is $559.72 and its 200-day simple moving average is $544.51. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market capitalization of $485.19 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.35 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $3.31 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on MA shares. Citigroup raised 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. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Seven investment 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

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.