Wealthspire Advisors LLC Buys 5,239 Shares of Mastercard Incorporated $MA

Wealthspire Advisors LLC boosted its stake in Mastercard Incorporated (NYSE:MAFree Report) by 37.0% in the fourth quarter, HoldingsChannel reports. The firm owned 19,404 shares of the credit services provider’s stock after acquiring an additional 5,239 shares during the period. Wealthspire Advisors LLC’s holdings in Mastercard were worth $11,077,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after acquiring an additional 466,514 shares in the last quarter. State Street Corp increased its holdings in shares of Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after acquiring an additional 349,369 shares in the last quarter. Capital International Investors increased its holdings in shares of Mastercard by 4.4% in the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock worth $10,256,368,000 after acquiring an additional 759,584 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth about $6,705,708,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.6%

MA stock opened at $489.36 on Friday. 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 stock has a market capitalization of $432.39 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.52 and a beta of 0.74. The business has a 50-day moving average of $499.31 and a 200-day moving average of $523.57. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MA. Loop Capital restated a “buy” rating and issued a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. TD Cowen restated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Susquehanna lowered their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Tigress Financial increased their price target on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Finally, Evercore restated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $656.04.

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Mastercard 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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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