Farther Finance Advisors LLC Has $8.20 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Farther Finance Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 22.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,946 shares of the credit services provider’s stock after acquiring an additional 2,748 shares during the quarter. Farther Finance Advisors LLC’s holdings in Mastercard were worth $8,198,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Addison Advisors LLC boosted its stake in shares of Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock valued at $260,000 after purchasing an additional 18 shares during the last quarter. Augustine Asset Management Inc. grew its stake in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock worth $946,000 after purchasing an additional 19 shares during the period. Richard W. Paul & Associates LLC grew its stake in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after purchasing an additional 19 shares during the period. Founders Financial Alliance LLC lifted its stake in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock valued at $356,000 after buying an additional 19 shares during the period. Finally, BlackDiamond Wealth Management LLC lifted its stake in Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock valued at $445,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Truist Financial began coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. Finally, Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Trading Up 0.8%

MA stock opened at $590.03 on Monday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $595.38. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day moving average price of $547.49 and a 200 day moving average price of $542.12. The firm has a market cap of $537.94 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.31 earnings per share. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,258 shares of company stock worth $20,885,067 over the last three months. 0.09% of the stock is owned by insiders.

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.