James Hambro & Partners decreased its position in Mastercard Inc (NYSE:MA) by 6.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,485 shares of the credit services provider’s stock after selling 705 shares during the quarter. Mastercard makes up 0.7% of James Hambro & Partners’ portfolio, making the stock its 19th biggest holding. James Hambro & Partners’ holdings in Mastercard were worth $2,468,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new stake in shares of Mastercard during the fourth quarter worth about $25,000. Ruggie Capital Group purchased a new stake in shares of Mastercard during the fourth quarter worth about $27,000. Valley National Advisers Inc. grew its position in shares of Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 97 shares in the last quarter. New Capital Management LP grew its position in shares of Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Finally, Avondale Wealth Management purchased a new stake in shares of Mastercard during the fourth quarter worth about $28,000. 75.29% of the stock is currently owned by institutional investors.
In other news, CEO Ajay Banga sold 252,600 shares of the firm’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 value of $63,382,392.00. Following the completion of the sale, the chief executive officer now directly owns 427,638 shares of the company’s stock, valued at approximately $107,302,926.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the sale, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. Insiders have sold a total of 381,530 shares of company stock valued at $93,705,711 in the last 90 days. 0.32% of the stock is currently owned by company insiders.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating the 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. As a group, research analysts forecast that Mastercard Inc will post 7.6 EPS for the current fiscal year.
Several research firms recently issued reports on MA. BMO Capital Markets increased their target price on Mastercard from $254.00 to $274.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Citigroup increased their target price on Mastercard from $274.00 to $288.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $275.00 target price for the company in a research report on Wednesday, May 15th. UBS Group increased their target price on Mastercard from $247.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Finally, KeyCorp increased their target price on Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $247.58.
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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.
Further Reading: What is Depreciation?
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