Texas Capital Bank Wealth Management Services Inc Raises Stock Holdings in Mastercard Incorporated $MA

Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,205 shares of the credit services provider’s stock after purchasing an additional 1,534 shares during the quarter. Mastercard makes up 0.7% of Texas Capital Bank Wealth Management Services Inc’s holdings, making the stock its 29th largest position. Texas Capital Bank Wealth Management Services Inc’s holdings in Mastercard were worth $12,106,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares in the last quarter. Betterment LLC lifted its stake in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after buying an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after buying an additional 178,387 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in Mastercard in the 2nd quarter valued at about $431,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MA shares. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target on the stock in a research note on Thursday, March 19th. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Wells Fargo & Company raised their price target on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard obtained a New York BitLicense, a meaningful regulatory step that could help the company scale its cryptocurrency and stablecoin infrastructure. Mastercard Obtains New York BitLicense for Cryptocurrency Operations
• Positive Sentiment: Multiple reports highlighted the BitLicense win as approval for Mastercard’s digital currency strategy, which may strengthen confidence in future growth from regulated blockchain-based payments. Mastercard wins New York regulatory approval to scale digital currency infrastructure
• Positive Sentiment: Mastercard also disclosed it will participate in two investor conferences in June, keeping management visible to investors and offering another forum to discuss strategy and growth initiatives. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Several interviews and commentary pieces featuring Mastercard executives may help maintain investor interest, but they do not appear to include major new financial guidance or operational updates. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
• Neutral Sentiment: Other articles discussed Mastercard as a long-term growth stock and its anniversary as a NYSE-listed company, which are broadly supportive but not likely to move the stock on their own.

Mastercard Stock Up 0.5%

Shares of NYSE MA opened at $495.41 on Thursday. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50 day simple moving average of $501.38 and a 200-day simple moving average of $528.21. The company has a market capitalization of $437.74 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the firm earned $3.73 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current year.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.