Northeast Financial Consultants Inc Has $5.25 Million Holdings in Mastercard Incorporated (NYSE:MA)

Northeast Financial Consultants Inc boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,962 shares of the credit services provider’s stock after acquiring an additional 18 shares during the period. Northeast Financial Consultants Inc’s holdings in Mastercard were worth $5,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. NewSquare Capital LLC acquired a new position in Mastercard during the 4th quarter worth $26,000. Marshall Investment Management LLC acquired a new position in Mastercard during the 4th quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the 4th quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard during the 4th quarter worth $32,000. Finally, Navigoe LLC acquired a new position in Mastercard during the 4th quarter worth $33,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $576.46 on Wednesday. The stock has a market cap of $525.56 billion, a P/E ratio of 41.50, a PEG ratio of 2.37 and a beta of 1.06. The company’s 50-day simple moving average is $533.09 and its 200 day simple moving average is $534.18. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.31 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. Piper Sandler reissued an “overweight” rating and set a $635.00 target price (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Macquarie cut their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Raymond James restated an “outperform” rating and set a $640.00 price objective (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $606.25.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the sale, the insider now directly owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.