Mastercard Incorporated $MA Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 62.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,899 shares of the credit services provider’s stock after acquiring an additional 8,406 shares during the period. Global Retirement Partners LLC’s holdings in Mastercard were worth $12,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MA. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares during the period. Tacita Capital Inc lifted its stake in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares during the period. Bay Harbor Wealth Management LLC lifted its stake in Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the period. Finally, Birchbrook Inc. acquired a new stake in Mastercard during the 4th quarter valued at approximately $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA opened at $498.59 on Thursday. 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 firm has a fifty day moving average price of $502.08 and a 200 day moving average price of $530.11. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The stock has a market cap of $440.55 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) 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 analysts’ expectations of $8.26 billion. During the same period in the previous year, the business posted $3.73 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen restated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a research note on Wednesday, January 28th. Bank of America began coverage on shares of Mastercard in a research note on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective for the company. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a research note on Thursday, March 19th. Finally, UBS Group decreased their target price on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Six 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $656.00.

Check Out Our Latest Analysis on MA

About Mastercard

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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