Mastercard Incorporated (NYSE:MA) Shares Sold by Curi Wealth Management LLC

Curi Wealth Management LLC lowered its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,357 shares of the credit services provider’s stock after selling 3,472 shares during the period. Mastercard comprises 1.8% of Curi Wealth Management LLC’s portfolio, making the stock its 14th largest position. Curi Wealth Management LLC’s holdings in Mastercard were worth $13,374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Cypress Wealth Services LLC grew its holdings in shares of Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after buying an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its stake in shares of Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after buying an additional 24 shares during the last quarter. TRUE Private Wealth Advisors increased its position in shares of Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after acquiring an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after acquiring an additional 25 shares in the last quarter. Finally, Tufton Capital Management boosted its position in Mastercard by 4.5% during the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after purchasing an additional 26 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 142,000 shares of Mastercard stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the completion of the transaction, the insider now directly owns 96,377,308 shares in the company, valued at $42,612,262,959.12. The disclosure for this sale can be found here. Insiders sold a total of 1,306,688 shares of company stock valued at $593,390,927 in the last quarter. Insiders own 0.13% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded down $3.76 during midday trading on Tuesday, hitting $454.00. The stock had a trading volume of 2,990,514 shares, compared to its average volume of 2,457,949. The company’s 50-day moving average price is $467.18 and its 200-day moving average price is $441.36. The company has a market capitalization of $422.04 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the firm earned $2.80 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that Mastercard Incorporated will post 14.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MA. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada raised their price objective on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, KeyCorp boosted their target price on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Two equities 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 presently has a consensus rating of “Moderate Buy” and an average target price of $497.78.

Check Out Our Latest Research Report on MA

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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