1,411 Shares in Mastercard Incorporated $MA Bought by RM Financial Services LLC

RM Financial Services LLC bought a new position in Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,411 shares of the credit services provider’s stock, valued at approximately $806,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp raised its holdings in Mastercard by 7.4% during the fourth quarter. J.Safra Asset Management Corp now owns 1,770 shares of the credit services provider’s stock worth $1,010,000 after acquiring an additional 122 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its holdings in Mastercard by 1.8% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,611 shares of the credit services provider’s stock worth $8,912,000 after acquiring an additional 276 shares in the last quarter. Goodman Advisory Group LLC raised its holdings in Mastercard by 31.5% during the fourth quarter. Goodman Advisory Group LLC now owns 1,161 shares of the credit services provider’s stock worth $663,000 after acquiring an additional 278 shares in the last quarter. GFS Advisors LLC bought a new stake in Mastercard during the fourth quarter worth about $414,000. Finally, Deutsche Bank AG raised its holdings in Mastercard by 8.1% during the fourth quarter. Deutsche Bank AG now owns 3,336,603 shares of the credit services provider’s stock worth $1,904,800,000 after acquiring an additional 249,932 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Mastercard Trading Down 1.2%

Shares of NYSE:MA opened at $489.19 on Thursday. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a market capitalization of $432.24 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The company has a 50-day simple moving average of $499.64 and a 200 day simple moving average of $524.20. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.26 billion. During the same period last year, the business posted $3.73 EPS. Mastercard’s revenue was up 15.8% on a year-over-year basis. Sell-side analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MA. Truist Financial dropped their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a report on Thursday, March 19th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $679.00 target price on shares of Mastercard in a research note on Friday, May 1st. Finally, Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price for the company. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $656.04.

View Our Latest Stock Analysis on Mastercard

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.

Featured Stories

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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