Strategic Wealth Partners Ltd. Boosts Stake in Mastercard Incorporated (NYSE:MA)

Strategic Wealth Partners Ltd. raised its holdings in Mastercard Incorporated (NYSE:MA) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,780 shares of the credit services provider’s stock after purchasing an additional 61 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Mastercard were worth $1,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Norges Bank purchased a new stake in shares of Mastercard in the 4th quarter valued at $6,022,224,000. Raymond James Financial Inc. purchased a new stake in shares of Mastercard in the 4th quarter valued at $837,017,000. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after buying an additional 1,553,329 shares during the period. Northern Trust Corp grew its stake in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares in the last quarter. Finally, Sanders Capital LLC acquired a new position in Mastercard during the 4th quarter worth $617,303,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the sale, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on MA. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. UBS Group lowered their price objective on Mastercard from $660.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Mastercard Price Performance

MA stock opened at $582.97 on Monday. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $584.29. The stock’s fifty day simple moving average is $535.67 and its 200-day simple moving average is $535.89. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $531.49 billion, a price-to-earnings ratio of 41.97, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its earnings results 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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the company posted $3.31 EPS. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

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.