Signature Estate & Investment Advisors LLC Raises Stock Holdings in Mastercard Incorporated $MA

Signature Estate & Investment Advisors LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,587 shares of the credit services provider’s stock after purchasing an additional 1,695 shares during the quarter. Mastercard makes up 1.7% of Signature Estate & Investment Advisors LLC’s holdings, making the stock its 15th largest position. Signature Estate & Investment Advisors LLC’s holdings in Mastercard were worth $82,542,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Commonwealth Financial Services LLC boosted its position in Mastercard by 10.5% during the fourth quarter. Commonwealth Financial Services LLC now owns 1,313 shares of the credit services provider’s stock worth $749,000 after purchasing an additional 125 shares in the last quarter. Plan A Wealth LLC boosted its position in Mastercard by 7.2% during the fourth quarter. Plan A Wealth LLC now owns 1,334 shares of the credit services provider’s stock worth $762,000 after purchasing an additional 90 shares in the last quarter. Magnolia Private Wealth LLC lifted its holdings in Mastercard by 3.0% during the fourth quarter. Magnolia Private Wealth LLC now owns 970 shares of the credit services provider’s stock valued at $554,000 after purchasing an additional 28 shares in the last quarter. Goldenstone Wealth Management LLC purchased a new position in Mastercard during the fourth quarter valued at $730,000. Finally, FourThought Financial Partners LLC lifted its holdings in Mastercard by 1.0% during the fourth quarter. FourThought Financial Partners LLC now owns 11,774 shares of the credit services provider’s stock valued at $6,721,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $499.62 on Friday. Mastercard Incorporated has a 52 week low of $480.50 and a 52 week high of $601.77. The stock’s fifty day moving average is $501.79 and its two-hundred day moving average is $529.74. The company has a market capitalization of $441.46 billion, a P/E ratio of 28.91, a P/E/G ratio of 1.55 and a beta of 0.76. 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 released its quarterly earnings results 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 business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.73 EPS. Equities analysts expect that Mastercard Incorporated will post 19.6 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Tigress Financial raised their target price on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Bank of America began coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. Finally, Loop Capital began coverage on Mastercard in a research report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 target price on the stock. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $656.00.

View Our Latest Report on Mastercard

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

About Mastercard

(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.

See Also

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.