Mastercard Incorporated $MA Stock Holdings Increased by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC boosted its position in Mastercard Incorporated (NYSE:MAFree Report) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,740 shares of the credit services provider’s stock after buying an additional 9,574 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Mastercard were worth $23,257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Norges Bank acquired a new position in Mastercard in the fourth quarter valued at approximately $6,705,708,000. State Street Corp boosted its stake in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the period. Vanguard Group Inc. boosted its stake in Mastercard by 1.2% in the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after acquiring an additional 955,533 shares during the period. Assenagon Asset Management S.A. boosted its stake in Mastercard by 792.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after acquiring an additional 768,514 shares during the period. Finally, Capital Research Global Investors boosted its stake in Mastercard by 6.5% in the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after acquiring an additional 629,941 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE MA opened at $472.62 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a 50 day simple moving average of $500.38 and a 200-day simple moving average of $525.79. The company has a market cap of $417.60 billion, a PE ratio of 27.35, a P/E/G ratio of 1.49 and a beta of 0.74. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77.

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

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MA. Tigress Financial lifted their target price on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, BMO Capital Markets began coverage on Mastercard in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 target price for the company. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Buy” and an average price target of $656.04.

Check Out Our Latest Research Report 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.

Recommended Stories

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.