Vanguard Personalized Indexing Management LLC Buys 1,867 Shares of Mastercard Incorporated $MA

Vanguard Personalized Indexing Management LLC grew its stake in Mastercard Incorporated (NYSE:MAFree Report) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 135,452 shares of the credit services provider’s stock after buying an additional 1,867 shares during the quarter. Mastercard makes up approximately 0.8% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 15th biggest position. Vanguard Personalized Indexing Management LLC’s holdings in Mastercard were worth $77,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its position in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its position in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC raised its position in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares in the last quarter. Birchbrook Inc. bought a new stake in Mastercard during the fourth quarter worth about $37,000. Finally, Tucker Asset Management LLC bought a new stake in Mastercard during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MA. Bank of America initiated coverage on Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective on the stock. Royal Bank Of Canada dropped their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. BMO Capital Markets began coverage on shares of Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target on the stock. Finally, Loop Capital reissued a “buy” rating and set a $631.00 price target on shares of Mastercard in a research note on Wednesday, June 3rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $656.04.

View Our Latest Analysis on Mastercard

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Price Performance

Shares of Mastercard stock opened at $489.36 on Monday. The company’s fifty day simple moving average is $499.31 and its two-hundred day simple moving average is $523.49. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The firm has a market cap of $432.39 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. 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:MAGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.73 earnings per share. As a group, equities 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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