Mastercard Incorporated (NYSE:MA) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,610,333 shares of the credit services provider’s stock after purchasing an additional 71,874 shares during the period. Mastercard accounts for approximately 1.1% of Nuveen Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Nuveen Asset Management LLC’s holdings in Mastercard were worth $4,007,373,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Addison Advisors LLC boosted its stake in shares of Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after acquiring an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. lifted its holdings in Mastercard by 4.2% in the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock valued at $250,000 after purchasing an additional 19 shares in the last quarter. Augustine Asset Management Inc. boosted its stake in Mastercard by 1.1% during the 4th 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 last quarter. Finally, Richard W. Paul & Associates LLC grew its holdings 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 buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Monday, May 12th. The shares were 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 owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock worth $12,664,529 over the last three months. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MA shares. Raymond James reiterated an “outperform” rating and issued a $640.00 target price (up from $614.00) 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 for the company in a report on Tuesday, February 4th. Royal Bank of Canada boosted their target price on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Citigroup upped their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Stock Down 0.3%

Shares of NYSE MA opened at $576.46 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The business’s 50 day moving average is $533.09 and its two-hundred day moving average is $534.18. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.86. The firm has a market cap of $525.56 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the business earned $3.31 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current 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.