Mastercard Incorporated (NYSE:MA) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC trimmed its stake in Mastercard Incorporated (NYSE:MA) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 919,401 shares of the credit services provider’s stock after selling 100,663 shares during the quarter. Mastercard makes up 0.8% of CIBC Private Wealth Group LLC’s portfolio, making the stock its 28th biggest holding. CIBC Private Wealth Group LLC owned approximately 0.09% of Mastercard worth $327,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Welch Group LLC grew its position in shares of Mastercard by 20.8% in the first quarter. Welch Group LLC now owns 5,106 shares of the credit services provider’s stock valued at $1,818,000 after purchasing an additional 880 shares during the period. KDI Capital Partners LLC grew its position in shares of Mastercard by 14.5% in the first quarter. KDI Capital Partners LLC now owns 35,789 shares of the credit services provider’s stock valued at $12,743,000 after purchasing an additional 4,527 shares during the period. Sculptor Capital LP grew its position in shares of Mastercard by 49.5% in the fourth quarter. Sculptor Capital LP now owns 642,826 shares of the credit services provider’s stock valued at $229,450,000 after purchasing an additional 212,874 shares during the period. Bessemer Group Inc. grew its position in shares of Mastercard by 1.6% in the fourth quarter. Bessemer Group Inc. now owns 688,208 shares of the credit services provider’s stock valued at $245,649,000 after purchasing an additional 11,103 shares during the period. Finally, United Bank grew its position in shares of Mastercard by 19.3% in the fourth quarter. United Bank now owns 3,037 shares of the credit services provider’s stock valued at $1,084,000 after purchasing an additional 491 shares during the period. 74.00% of the stock is owned by institutional investors.

MA stock traded up $0.98 on Friday, reaching $365.28. The company’s stock had a trading volume of 48,410 shares, compared to its average volume of 3,911,867. The business has a fifty day simple moving average of $372.08. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $362.01 billion, a P/E ratio of 55.79, a P/E/G ratio of 2.13 and a beta of 1.19. Mastercard Incorporated has a 52 week low of $281.20 and a 52 week high of $401.50.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 29th. The credit services provider reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.19. Mastercard had a return on equity of 100.68% and a net margin of 42.38%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the prior year, the firm earned $1.83 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 7.75 earnings per share for the current fiscal year.

A number of brokerages have recently commented on MA. Barclays lifted their price objective on Mastercard from $440.00 to $452.00 and gave the company an “overweight” rating in a research report on Monday. Robert W. Baird reissued a “buy” rating on shares of Mastercard in a research report on Sunday, February 28th. Jefferies Financial Group boosted their price target on Mastercard from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, April 30th. Macquarie boosted their price target on Mastercard from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, April 30th. Finally, Truist boosted their price target on Mastercard from $415.00 to $450.00 in a research report on Friday, March 5th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $391.48.

In other Mastercard news, insider Sandra A. Arkell sold 2,841 shares of the stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $385.47, for a total transaction of $1,095,120.27. Following the transaction, the insider now directly owns 6,321 shares of the company’s stock, valued at $2,436,555.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin Stanton sold 29,052 shares of the stock in a transaction on Monday, April 12th. The stock was sold at an average price of $378.09, for a total transaction of $10,984,270.68. Following the transaction, the insider now directly owns 31,092 shares in the company, valued at $11,755,574.28. The disclosure for this sale can be found here. Insiders sold 46,015 shares of company stock worth $17,405,702 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

See Also: Quiet Period

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.