Trinity Financial Advisors LLC Grows Position in Mastercard Incorporated (NYSE:MA)

Trinity Financial Advisors LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 253.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,520 shares of the credit services provider’s stock after purchasing an additional 1,807 shares during the period. Trinity Financial Advisors LLC’s holdings in Mastercard were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Vanguard Group Inc. grew its stake in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank bought a new position in Mastercard in the fourth quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP grew its stake in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after purchasing an additional 817,836 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Up 0.9%

Mastercard stock opened at $589.64 on Wednesday. The business’s 50-day moving average price is $549.42 and its 200 day moving average price is $542.89. 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 $537.58 billion, a price-to-earnings ratio of 42.45, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $591.54.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $3.31 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Macquarie lowered their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a report on Friday. Finally, UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the 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 transaction, the insider now owns 58,451 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,258 shares of company stock valued at $20,885,067. Corporate insiders own 0.09% of the company’s stock.

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.