Transform Wealth LLC Acquires 9,281 Shares of Mastercard Incorporated (NYSE:MA)

Transform Wealth LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 59.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 24,975 shares of the credit services provider’s stock after purchasing an additional 9,281 shares during the period. Transform Wealth LLC’s holdings in Mastercard were worth $13,689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Norges Bank bought a new position in Mastercard during the fourth quarter valued at approximately $6,022,224,000. GAMMA Investing LLC raised its position in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. Raymond James Financial Inc. bought a new position in shares of Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC raised its position in shares of Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares during the period. Finally, Northern Trust Corp raised its position in shares of Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.9%

Shares of NYSE MA opened at $589.64 on Wednesday. The stock has a market cap of $537.58 billion, a PE ratio of 42.45, a PEG ratio of 2.37 and a beta of 1.05. The business has a fifty day moving average of $549.42 and a two-hundred day moving average of $542.89. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $591.16. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $3.31 earnings per share. As a group, equities research analysts expect 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 recently commented on MA. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target on the stock. UBS Group lifted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Citigroup raised their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares of the company’s stock, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,258 shares of company stock valued at $20,885,067. 0.09% of the stock is currently owned by company 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.