Signet Private Wealth LLC Takes $628,000 Position in Mastercard Incorporated $MA

Signet Private Wealth LLC bought a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,100 shares of the credit services provider’s stock, valued at approximately $628,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vulcan Value Partners LLC lifted its stake in Mastercard by 6.5% during the third quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after purchasing an additional 28,331 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Mastercard in the fourth quarter valued at approximately $1,113,000. Assetmark Inc. increased its stake in Mastercard by 4.5% in the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after purchasing an additional 9,795 shares during the last quarter. Longbow Finance SA raised its holdings in Mastercard by 50.3% during the third quarter. Longbow Finance SA now owns 23,013 shares of the credit services provider’s stock worth $13,090,000 after purchasing an additional 7,704 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its position in shares of Mastercard by 396.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock worth $26,343,000 after buying an additional 36,848 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

More Mastercard News

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Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. TD Cowen restated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Evercore reaffirmed a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Raymond James Financial set a $609.00 target price on Mastercard in a report on Friday, May 1st. Finally, Wolfe Research restated an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus target price of $656.04.

Get Our Latest Analysis on Mastercard

Mastercard Trading Down 1.2%

NYSE MA opened at $489.19 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $432.24 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The firm has a 50-day moving average price of $499.64 and a 200 day moving average price of $524.20.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the previous year, the company earned $3.73 EPS. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Company Profile

(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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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