Oxbow Advisors LLC Has $12.07 Million Holdings in Mastercard Incorporated (NYSE:MA)

Oxbow Advisors LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the second quarter, HoldingsChannel.com reports. The fund owned 27,363 shares of the credit services provider’s stock after selling 128 shares during the quarter. Mastercard accounts for 1.4% of Oxbow Advisors LLC’s holdings, making the stock its 13th biggest position. Oxbow Advisors LLC’s holdings in Mastercard were worth $12,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in Mastercard by 2.1% in the fourth quarter. International Assets Investment Management LLC now owns 6,885 shares of the credit services provider’s stock worth $2,937,000 after acquiring an additional 141 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in Mastercard by 8.3% in the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock worth $1,337,000 after purchasing an additional 241 shares in the last quarter. Aveo Capital Partners LLC boosted its holdings in shares of Mastercard by 8.8% during the 4th quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock valued at $609,000 after buying an additional 116 shares in the last quarter. Gryphon Financial Partners LLC grew its position in shares of Mastercard by 7.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock worth $3,565,000 after buying an additional 571 shares during the period. Finally, Lebenthal Global Advisors LLC purchased a new stake in shares of Mastercard in the 4th quarter worth about $422,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MA shares. Compass Point started coverage on Mastercard in a research report on Wednesday. They issued a “neutral” rating and a $525.00 price target on the stock. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Susquehanna raised their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Insiders Place Their Bets

In related news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now owns 58,940 shares in the company, valued at $26,585,476.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,167,931 shares of company stock worth $531,284,982. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA traded down $1.24 during mid-day trading on Friday, reaching $476.12. The stock had a trading volume of 2,116,234 shares, compared to its average volume of 2,444,963. The firm has a market cap of $442.61 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 1.90 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The business has a fifty day moving average of $456.26 and a 200 day moving average of $459.59. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

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.