Marshall Financial Group LLC Purchases 56 Shares of Mastercard Incorporated (NYSE:MA)

Marshall Financial Group LLC increased its position in Mastercard Incorporated (NYSE:MA) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 4,059 shares of the credit services provider’s stock after buying an additional 56 shares during the quarter. Marshall Financial Group LLC’s holdings in Mastercard were worth $2,225,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Whalerock Point Partners LLC raised its stake in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after acquiring an additional 185 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Mastercard by 1.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after purchasing an additional 1,194 shares during the last quarter. Avestar Capital LLC increased its position in Mastercard by 10.9% during the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider’s stock worth $2,955,000 after purchasing an additional 550 shares in the last quarter. Baldwin Investment Management LLC increased its position in Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after purchasing an additional 93 shares in the last quarter. Finally, Norges Bank bought a new position in Mastercard in the 4th quarter valued at approximately $6,022,224,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of Mastercard 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 in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,258 shares of company stock worth $20,885,067. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup boosted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $610.00.

Mastercard Trading Down 0.3%

MA opened at $588.75 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm has a market capitalization of $536.77 billion, a PE ratio of 42.39, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50-day moving average is $553.50 and its 200 day moving average is $543.65.

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