Mastercard Incorporated (NYSE:MA) Shares Bought by Global Financial Private Client LLC

Global Financial Private Client LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 786 shares of the credit services provider’s stock after acquiring an additional 26 shares during the quarter. Global Financial Private Client LLC’s holdings in Mastercard were worth $431,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Vanguard Group Inc. lifted its position in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after buying an additional 377,302 shares during the last quarter. FMR LLC lifted its position in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after purchasing an additional 282,739 shares in the last quarter. Norges Bank purchased a new stake in shares of Mastercard in the 4th quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP boosted its position in shares of Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on MA shares. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a research note on Tuesday, February 4th. Finally, Susquehanna increased their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $608.57.

Mastercard Price Performance

MA stock opened at $577.36 on Friday. The company has a market cap of $526.39 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $543.16 and a 200-day moving average of $539.17. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $588.45.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the business posted $3.31 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard 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.