Northwestern Mutual Wealth Management Co. Decreases Position in Mastercard Incorporated $MA

Northwestern Mutual Wealth Management Co. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 77.6% during the fourth quarter, Holdings Channel reports. The firm owned 51,293 shares of the credit services provider’s stock after selling 177,278 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Mastercard were worth $29,282,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. boosted its position in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 18 shares in the last quarter. FAS Wealth Partners Inc. boosted its position in Mastercard by 1.7% during the third quarter. FAS Wealth Partners Inc. now owns 1,167 shares of the credit services provider’s stock worth $664,000 after purchasing an additional 19 shares in the last quarter. Matisse Capital boosted its position in Mastercard by 1.4% during the third quarter. Matisse Capital now owns 1,348 shares of the credit services provider’s stock worth $767,000 after purchasing an additional 19 shares in the last quarter. Millington Financial Advisors LLC boosted its position in Mastercard by 5.2% during the third quarter. Millington Financial Advisors LLC now owns 386 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 19 shares in the last quarter. Finally, Tacita Capital Inc boosted its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank Of Canada decreased their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a research report on Thursday, March 19th. Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Dbs Bank raised Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Finally, Loop Capital began coverage on Mastercard in a report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price target for the company. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average target price of $656.00.

Mastercard Stock Performance

NYSE MA opened at $505.39 on Tuesday. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77. The stock has a market cap of $446.55 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76. The business has a fifty day moving average of $502.92 and a 200-day moving average of $530.89. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the firm posted $3.73 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Profile

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.