Sargent Investment Group LLC Boosts Position in Mastercard Incorporated (NYSE:MA)

Sargent Investment Group LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,751 shares of the credit services provider’s stock after buying an additional 1,495 shares during the quarter. Sargent Investment Group LLC’s holdings in Mastercard were worth $3,861,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Gilbert & Cook Inc. raised its stake in shares of Mastercard by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 241 shares during the period. Aveo Capital Partners LLC lifted its holdings in Mastercard by 8.8% in the 4th quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after buying an additional 116 shares in the last quarter. Gryphon Financial Partners LLC boosted its position in Mastercard by 7.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock valued at $3,565,000 after buying an additional 571 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Mastercard by 114.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,485 shares of the credit services provider’s stock valued at $1,486,000 after acquiring an additional 1,860 shares in the last quarter. Finally, Sachetta LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $497.74 on Tuesday. The company has a market cap of $462.71 billion, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company’s fifty day moving average is $461.70 and its two-hundred day moving average is $460.35. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $498.32.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Equities analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, 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. Insiders have sold 720,467 shares of company stock worth $331,875,955 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Evercore ISI dropped their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $505.00 to $480.00 in a research note on Wednesday, July 10th. KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Compass Point started coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. Finally, Argus raised Mastercard to a “strong-buy” 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $510.88.

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.