Arden Trust Co Purchases 122 Shares of Mastercard Incorporated (NYSE:MA)

Arden Trust Co boosted its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 4.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,957 shares of the credit services provider’s stock after purchasing an additional 122 shares during the period. Arden Trust Co’s holdings in Mastercard were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MA. Ulland Investment Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at about $29,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $37,000. Western Pacific Wealth Management LP acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $42,000. Finally, American National Bank acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $46,000. 74.94% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Mastercard in a research report on Tuesday, May 17th. They set a “buy” rating and a $460.00 price target for the company. Barclays lowered their price target on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Citigroup decreased their price objective on shares of Mastercard from $445.00 to $435.00 in a report on Monday, April 25th. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $400.00 to $430.00 in a report on Friday, April 29th. Finally, BMO Capital Markets decreased their price objective on shares of Mastercard from $412.00 to $402.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $422.94.

In related news, insider Craig Vosburg sold 1,561 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total transaction of $569,765.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 106,330 shares of the business’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $333.03, for a total transaction of $35,411,079.90. Following the transaction, the insider now owns 103,629,316 shares in the company, valued at $34,511,671,107.48. The disclosure for this sale can be found here. In the last three months, insiders sold 327,543 shares of company stock worth $108,482,025. 0.33% of the stock is currently owned by insiders.

Shares of MA stock opened at $310.69 on Tuesday. The company’s fifty day simple moving average is $346.31 and its 200-day simple moving average is $353.57. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.95. The firm has a market cap of $302.19 billion, a PE ratio of 32.33, a P/E/G ratio of 1.46 and a beta of 1.01. Mastercard Incorporated has a 12 month low of $303.65 and a 12 month high of $399.92.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. The firm’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post 10.52 earnings per share for the current fiscal year.

Mastercard Profile (Get Rating)

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 other payment-related products and services.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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