Marcum Wealth LLC Reduces Holdings in Mastercard Incorporated (NYSE:MA)

Marcum Wealth LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,852 shares of the credit services provider’s stock after selling 29 shares during the quarter. Marcum Wealth LLC’s holdings in Mastercard were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MA. Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at about $6,022,224,000. Raymond James Financial Inc. purchased a new stake in Mastercard during the 4th quarter valued at about $837,017,000. Proficio Capital Partners LLC boosted its holdings 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 acquiring an additional 1,553,329 shares during the period. Northern Trust Corp raised 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 purchasing an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $617,303,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Jefferies Financial Group increased their price objective on Mastercard from $630.00 to $655.00 and gave the stock a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. increased 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. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $608.57.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on 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 completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,207 shares of company stock valued at $12,664,529 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.2%

MA stock opened at $575.60 on Thursday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $588.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $524.78 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The business has a 50 day moving average of $542.49 and a 200 day moving average of $538.84.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company earned $3.31 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.