Mastercard Incorporated (NYSE:MA) Shares Sold by Trivium Point Advisory LLC

Trivium Point Advisory LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 3.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,021 shares of the credit services provider’s stock after selling 544 shares during the period. Mastercard accounts for about 1.2% of Trivium Point Advisory LLC’s holdings, making the stock its 13th biggest position. Trivium Point Advisory LLC’s holdings in Mastercard were worth $9,330,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC grew its stake in shares of Mastercard by 17.6% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 68,296 shares of the credit services provider’s stock valued at $37,435,000 after buying an additional 10,236 shares during the period. Oak Ridge Investments LLC grew its stake in shares of Mastercard by 5.2% during the 1st quarter. Oak Ridge Investments LLC now owns 37,951 shares of the credit services provider’s stock valued at $20,802,000 after buying an additional 1,888 shares during the period. OneAscent Investment Solutions LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at $575,000. Vestmark Advisory Solutions Inc. grew its stake in shares of Mastercard by 58.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 7,130 shares of the credit services provider’s stock valued at $3,908,000 after buying an additional 2,630 shares during the period. Finally, Ground Swell Capital LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at $422,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. KeyCorp upped their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Finally, Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $615.33.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider owned 58,451 shares of the company’s stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,453 shares of company stock worth $20,178,667. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $578.08 on Thursday. Mastercard Incorporated has a 1 year low of $456.07 and a 1 year high of $594.71. The firm’s fifty day simple moving average is $563.47 and its 200 day simple moving average is $554.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $522.59 billion, a PE ratio of 38.98, a PEG ratio of 2.36 and a beta of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the business posted $3.50 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

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.