American International Group Inc. Has $87.97 Million Position in Mastercard Incorporated (NYSE:MA)

American International Group Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 252,993 shares of the credit services provider’s stock after selling 5,167 shares during the quarter. Mastercard makes up approximately 0.6% of American International Group Inc.’s portfolio, making the stock its 18th largest position. American International Group Inc.’s holdings in Mastercard were worth $87,973,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Global Wealth Strategies & Associates acquired a new stake in Mastercard in the fourth quarter valued at approximately $25,000. EWG Elevate Inc. acquired a new stake in Mastercard in the fourth quarter valued at approximately $27,000. Legend Financial Advisors Inc. acquired a new stake in Mastercard in the third quarter valued at approximately $28,000. My Personal CFO LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $29,000. Finally, RFP Financial Group LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $39,000. 74.51% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA traded up $5.40 on Friday, hitting $375.44. 1,114,647 shares of the company were exchanged, compared to its average volume of 2,732,451. The firm has a 50 day moving average of $370.23 and a two-hundred day moving average of $361.27. The company has a market cap of $355.86 billion, a P/E ratio of 37.18, a P/E/G ratio of 1.72 and a beta of 1.11. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 2.84. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $392.20.

Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The credit services provider reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.09. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.64 billion. Mastercard had a net margin of 42.33% and a return on equity of 169.12%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.76 EPS. On average, equities analysts predict that Mastercard Incorporated will post 12.27 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on MA shares. Susquehanna lifted their target price on shares of Mastercard from $405.00 to $433.00 and gave the company a “positive” rating in a research note on Friday, January 27th. Credit Suisse Group lifted their price target on shares of Mastercard from $390.00 to $400.00 in a research report on Friday, April 28th. BMO Capital Markets boosted their target price on shares of Mastercard from $414.00 to $442.00 in a research report on Friday, April 28th. KeyCorp boosted their target price on shares of Mastercard from $425.00 to $430.00 in a research report on Monday, April 24th. Finally, Barclays boosted their target price on shares of Mastercard from $427.00 to $437.00 and gave the stock an “overweight” rating in a research report on Sunday, January 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $417.27.

Insiders Place Their Bets

In other Mastercard news, insider Hai Ling sold 8,220 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $356.31, for a total transaction of $2,928,868.20. Following the completion of the sale, the insider now directly owns 26,496 shares of the company’s stock, valued at approximately $9,440,789.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Raghuvir Malhotra sold 11,398 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $381.62, for a total value of $4,349,704.76. Following the completion of the sale, the insider now directly owns 9,465 shares of the company’s stock, valued at approximately $3,612,033.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Hai Ling sold 8,220 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $356.31, for a total value of $2,928,868.20. Following the completion of the sale, the insider now directly owns 26,496 shares of the company’s stock, valued at $9,440,789.76. The disclosure for this sale can be found here. In the last three months, insiders sold 550,299 shares of company stock valued at $210,103,579. 0.29% of the stock is currently owned by insiders.

About Mastercard

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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.