Griffin Asset Management Inc. Buys New Stake in Mastercard Incorporated $MA

Griffin Asset Management Inc. bought a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,881 shares of the credit services provider’s stock, valued at approximately $1,074,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted 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 valued at $61,000 after acquiring an additional 18 shares during the last quarter. Millington Financial Advisors LLC lifted 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 valued at $216,000 after acquiring an additional 19 shares during the last quarter. Tacita Capital Inc lifted 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 valued at $32,000 after acquiring an additional 19 shares during the last quarter. Affinity Capital Advisors LLC lifted its position in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after acquiring an additional 19 shares during the last quarter. Finally, Abacus Planning Group Inc. lifted its position in Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Truist Financial decreased their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Susquehanna decreased their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. Finally, Tigress Financial raised their price target on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $656.00.

Read Our Latest Research Report on MA

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Down 0.2%

NYSE:MA opened at $498.59 on Thursday. The firm has a market capitalization of $440.55 billion, a P/E ratio of 28.85, a PEG ratio of 1.56 and a beta of 0.76. Mastercard Incorporated has a 1-year low of $480.50 and a 1-year high of $601.77. The company’s fifty day moving average price is $502.08 and its 200-day moving average price is $530.11. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data 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. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.73 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard 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.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.