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Grove Bank & Trust cuts Mastercard shares by 24.6% amid mixed analyst outlook and strategic moves.

Market News
22 Mar 2026
Defense World
View Source
Bullish
pluang ai news

Grove Bank & Trust sold 2,408 shares of Mastercard, reducing its stake by 24.6% in Q4, holding 7,363 shares worth $4.2 million. Meanwhile, other institutional investors increased their Mastercard holdings. Mastercard recently announced a $1.8 billion acquisition of BVNK to boost its digital asset capabilities, receiving positive analyst upgrades and maintaining strong earnings growth. Despite some legal and market pressures, Mastercard remains a favored stock with a consensus 'Buy' rating and a $667.88 price target. The company also declared a quarterly dividend of $0.87 per share payable in May.

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