Sargent Investment Group LLC Has $3.86 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Sargent Investment Group LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 20.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westend Capital Management LLC bought a new position in Mastercard during the first quarter valued at about $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard during the first quarter valued at approximately $27,000. VitalStone Financial LLC increased its position in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. Scarborough Advisors LLC bought a new position in Mastercard in the fourth quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Mastercard during the fourth quarter worth $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, 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 value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now owns 58,940 shares in the company, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold a total of 720,467 shares of company stock valued at $331,875,955 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Up 0.9 %

Shares of MA stock opened at $497.74 on Tuesday. The firm has a fifty day moving average of $461.70 and a 200-day moving average of $460.35. The company has a market capitalization of $462.71 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 1.92 and a beta of 1.10. 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 data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, equities research analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MA. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Citigroup raised their price target on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. KeyCorp lifted their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada upped their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price 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.