Mastercard Inc (NYSE:MA) Holdings Cut by Brighton Jones LLC

Brighton Jones LLC lowered its stake in Mastercard Inc (NYSE:MA) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,489 shares of the credit services provider’s stock after selling 168 shares during the quarter. Brighton Jones LLC’s holdings in Mastercard were worth $586,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Advisory Group Inc. bought a new stake in Mastercard in the first quarter worth about $247,000. Assenagon Asset Management S.A. raised its position in Mastercard by 674.0% in the first quarter. Assenagon Asset Management S.A. now owns 59,596 shares of the credit services provider’s stock worth $14,032,000 after acquiring an additional 51,896 shares in the last quarter. Budros Ruhlin & Roe Inc. raised its position in Mastercard by 25.2% in the first quarter. Budros Ruhlin & Roe Inc. now owns 1,883 shares of the credit services provider’s stock worth $443,000 after acquiring an additional 379 shares in the last quarter. Brightworth raised its position in Mastercard by 3.8% in the first quarter. Brightworth now owns 3,253 shares of the credit services provider’s stock worth $766,000 after acquiring an additional 118 shares in the last quarter. Finally, Private Capital Group LLC raised its position in Mastercard by 9.5% in the first quarter. Private Capital Group LLC now owns 3,933 shares of the credit services provider’s stock worth $926,000 after acquiring an additional 342 shares in the last quarter. 74.41% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on MA. Citigroup boosted their price objective on Mastercard from $274.00 to $288.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Deutsche Bank boosted their price objective on Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a report on Monday, April 1st. UBS Group boosted their price objective on Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Nomura boosted their price objective on Mastercard to $252.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $277.00 price objective on the stock in a report on Monday, May 6th. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $249.75.

Shares of MA traded down $1.10 during trading hours on Friday, reaching $260.10. The company’s stock had a trading volume of 3,056,370 shares, compared to its average volume of 3,579,620. The company has a market capitalization of $269.53 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 2.09 and a beta of 1.10. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $269.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 EPS. Equities research analysts expect that Mastercard Inc will post 7.6 earnings per share for the current fiscal year.

In other Mastercard news, CEO Ajay Banga sold 252,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the completion of the sale, the chief executive officer now owns 427,638 shares of the company’s stock, valued at $107,302,926.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $230.31, for a total value of $13,917,172.68. Following the sale, the general counsel now directly owns 46,331 shares of the company’s stock, valued at approximately $10,670,492.61. The disclosure for this sale can be found here. In the last three months, insiders sold 385,504 shares of company stock valued at $94,748,926. 0.32% of the stock is currently owned by company insiders.

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Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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