Pathstone Holdings LLC Lowers Stock Position in Mastercard Incorporated (NYSE:MA)

Pathstone Holdings LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,261 shares of the credit services provider’s stock after selling 1,983 shares during the quarter. Pathstone Holdings LLC’s holdings in Mastercard were worth $78,051,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MA. NewSquare Capital LLC purchased a new position in Mastercard during the 4th quarter worth $26,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard during the 4th quarter worth approximately $32,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard during the 4th quarter worth approximately $30,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.3%

Mastercard stock opened at $576.46 on Wednesday. The stock has a 50-day moving average price of $533.09 and a 200 day moving average price of $534.18. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.86. The stock has a market cap of $525.56 billion, a PE ratio of 41.50, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.31 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Macquarie decreased their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada upped their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares of the company’s stock, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is 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.