Good Life Advisors LLC Grows Stake in Mastercard Incorporated (NYSE:MA)

Good Life Advisors LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,200 shares of the credit services provider’s stock after buying an additional 1,102 shares during the period. Good Life Advisors LLC’s holdings in Mastercard were worth $7,235,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Mastercard in the fourth quarter valued at about $83,644,000. Bank Pictet & Cie Europe AG grew its stake in Mastercard by 11.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Quadrant Private Wealth Management LLC increased its holdings in Mastercard by 15.6% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 630 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 85 shares during the last quarter. Finally, American Financial Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter valued at approximately $208,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,686 shares of company stock valued at $26,430,428. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent analyst reports. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. UBS Group lifted their price target on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Finally, Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

Mastercard Stock Performance

MA opened at $561.50 on Monday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The stock has a market cap of $511.92 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The business’s 50 day moving average is $555.17 and its 200-day moving average is $544.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

About Mastercard

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.