GTS Securities LLC Sells 3,882 Shares of Mastercard Incorporated (NYSE:MA)

GTS Securities LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 36.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,906 shares of the credit services provider’s stock after selling 3,882 shares during the period. GTS Securities LLC’s holdings in Mastercard were worth $3,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Mastercard during the 4th quarter valued at about $6,022,224,000. Raymond James Financial Inc. bought a new position in shares of Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC grew its stake in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after acquiring an additional 1,553,329 shares in the last quarter. Northern Trust Corp increased its holdings in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares during the period. Finally, Sanders Capital LLC bought a new stake in Mastercard during the 4th quarter worth approximately $617,303,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Performance

NYSE MA opened at $569.74 on Friday. The company has a 50-day simple moving average of $539.68 and a two-hundred day simple moving average of $537.40. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45. The firm has a market cap of $519.44 billion, a price-to-earnings ratio of 41.02, a PEG ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the business posted $3.31 EPS. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on MA shares. Morgan Stanley cut their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Susquehanna raised their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

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.