Mastercard Incorporated $MA Stock Holdings Lowered by Huntington National Bank

Huntington National Bank reduced its holdings in Mastercard Incorporated (NYSE:MA) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,723 shares of the credit services provider’s stock after selling 1,040 shares during the quarter. Huntington National Bank’s holdings in Mastercard were worth $30,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Tacita Capital Inc raised its holdings in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. Bay Harbor Wealth Management LLC raised its holdings in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares in the last quarter. Finally, Birchbrook Inc. bought a new stake in shares of Mastercard in the 4th quarter worth approximately $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard obtained a New York BitLicense, a meaningful regulatory step that could help the company scale its cryptocurrency and stablecoin infrastructure. Mastercard Obtains New York BitLicense for Cryptocurrency Operations
• Positive Sentiment: Multiple reports highlighted the BitLicense win as approval for Mastercard’s digital currency strategy, which may strengthen confidence in future growth from regulated blockchain-based payments. Mastercard wins New York regulatory approval to scale digital currency infrastructure
• Positive Sentiment: Mastercard also disclosed it will participate in two investor conferences in June, keeping management visible to investors and offering another forum to discuss strategy and growth initiatives. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Several interviews and commentary pieces featuring Mastercard executives may help maintain investor interest, but they do not appear to include major new financial guidance or operational updates. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
• Neutral Sentiment: Other articles discussed Mastercard as a long-term growth stock and its anniversary as a NYSE-listed company, which are broadly supportive but not likely to move the stock on their own.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MA shares. Wells Fargo & Company boosted their target price on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Macquarie Infrastructure boosted their price target on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Wolfe Research restated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Susquehanna cut their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Finally, Loop Capital started coverage on shares of Mastercard in a report on Tuesday, March 31st. They set a “buy” rating and a $631.00 price target on the stock. Six equities research 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 stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average price target of $656.04.

Mastercard Stock Up 0.5%

MA stock opened at $495.41 on Thursday. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The company’s 50 day simple moving average is $501.38 and its 200-day simple moving average is $528.21. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $437.74 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the previous year, the business earned $3.73 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Company Profile

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.