FTB Advisors Inc. grew its position in Mastercard Inc (NYSE:MA) by 17.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,492 shares of the credit services provider’s stock after acquiring an additional 221 shares during the period. FTB Advisors Inc.’s holdings in Mastercard were worth $350,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in MA. Focused Wealth Management Inc acquired a new stake in Mastercard in the fourth quarter valued at $25,000. Ruggie Capital Group acquired a new stake in Mastercard in the fourth quarter valued at $27,000. Valley National Advisers Inc. increased its holdings in Mastercard by 210.9% in the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 97 shares during the period. Avondale Wealth Management acquired a new stake in Mastercard in the fourth quarter valued at $28,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in Mastercard in the fourth quarter valued at $30,000. Institutional investors own 74.60% of the company’s stock.
Shares of MA opened at $251.48 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41. The stock has a market capitalization of $256.89 billion, a PE ratio of 38.75, a PEG ratio of 2.02 and a beta of 1.15. Mastercard Inc has a one year low of $171.89 and a one year high of $258.86.
MA has been the subject of a number of recent research reports. Deutsche Bank increased their price objective on Mastercard from $221.00 to $267.00 and gave the company a “buy” rating in a report on Monday, April 1st. UBS Group increased their price objective on Mastercard from $247.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Barclays restated a “buy” rating on shares of Mastercard in a report on Sunday, February 3rd. Jefferies Financial Group initiated coverage on Mastercard in a report on Monday, January 28th. They issued a “buy” rating for the company. Finally, Nomura increased their price objective on Mastercard to $252.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. 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 stock. The stock has an average rating of “Buy” and an average target price of $247.58.
In other news, insider Michael Fraccaro sold 8,658 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $230.21, for a total value of $1,993,158.18. Following the completion of the sale, the insider now directly owns 4,124 shares in the company, valued at approximately $949,386.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the firm’s stock in a transaction dated 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 owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 381,530 shares of company stock valued at $93,705,711. 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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