Quintet Private Bank Europe S.A. Has $7.28 Million Holdings in Mastercard Incorporated (NYSE:MA)

Quintet Private Bank Europe S.A. cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,065 shares of the credit services provider’s stock after selling 2,702 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Mastercard were worth $7,278,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. VitalStone Financial LLC raised its stake in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the fourth quarter valued at $26,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard in the fourth quarter valued at $27,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Mastercard in the fourth quarter valued at $30,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of Mastercard in the fourth quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 0.1 %

NYSE:MA traded down $0.37 during mid-day trading on Friday, hitting $444.63. The company had a trading volume of 2,161,546 shares, compared to its average volume of 2,074,082. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The business’s fifty day moving average is $454.26 and its two-hundred day moving average is $450.18. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $413.33 billion, a P/E ratio of 35.34, a P/E/G ratio of 1.74 and a beta of 1.09.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current year.

Analysts Set New Price Targets

MA has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Mizuho lowered their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Barclays lowered their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Finally, Wells Fargo & Company upped their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Raj Seshadri sold 3,464 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the sale, the insider now directly owns 13,736 shares in the company, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. Insiders have sold a total of 2,551,400 shares of company stock valued at $1,152,586,960 over the last 90 days. 0.10% of the stock is owned by company insiders.

Mastercard Company 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.