ProVise Management Group LLC lessened its holdings in shares of Mastercard Inc (NYSE:MA) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,370 shares of the credit services provider’s stock after selling 1,120 shares during the quarter. ProVise Management Group LLC’s holdings in Mastercard were worth $9,304,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in MA. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Mastercard during the second quarter valued at approximately $109,000. Carroll Financial Associates Inc. grew its stake in Mastercard by 87.2% in the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares during the period. Financial Gravity Wealth Inc. purchased a new stake in Mastercard in the first quarter worth $133,000. Squar Milner Financial Services LLC purchased a new stake in Mastercard in the second quarter worth $198,000. Finally, FormulaFolio Investments LLC purchased a new stake in Mastercard in the second quarter worth $200,000. Institutional investors own 74.43% of the company’s stock.
NYSE MA opened at $217.96 on Friday. Mastercard Inc has a 12 month low of $137.75 and a 12 month high of $218.82. The firm has a market capitalization of $222.26 billion, a PE ratio of 37.95, a P/E/G ratio of 1.76 and a beta of 1.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51.
In other news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.
Several brokerages recently weighed in on MA. Royal Bank of Canada upped their price target on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday. They noted that the move was a valuation call. Morgan Stanley upped their price target on Mastercard from $224.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Buckingham Research upped their price target on Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. SunTrust Banks upped their price target on Mastercard to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upped their price target on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Mastercard currently has an average rating of “Buy” and an average target price of $208.56.
Mastercard Company 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.
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