Exencial Wealth Advisors LLC Buys 1,498 Shares of Mastercard Incorporated (NYSE:MA)

Exencial Wealth Advisors LLC boosted its stake in Mastercard Incorporated (NYSE:MAGet Rating) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,183 shares of the credit services provider’s stock after acquiring an additional 1,498 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Mastercard were worth $12,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Cranbrook Wealth Management LLC lifted its position in Mastercard by 217.4% during the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock worth $25,000 after buying an additional 50 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $37,000. Moors & Cabot Inc. increased its stake in shares of Mastercard by 280.0% during the 3rd quarter. Moors & Cabot Inc. now owns 37,000 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 27,263 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of Mastercard during the 4th quarter worth about $42,000. Finally, Tortoise Investment Management LLC increased its stake in shares of Mastercard by 71.4% during the 4th quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 55 shares during the last quarter. 74.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Foundation Mastercard sold 155,060 shares of Mastercard stock in a transaction dated Monday, February 14th. The shares were sold at an average price of $372.93, for a total value of $57,826,525.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 1,561 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total transaction of $569,765.00. The disclosure for this sale can be found here. Insiders sold 482,603 shares of company stock valued at $166,308,551 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

A number of brokerages recently commented on MA. Piper Sandler lowered shares of Mastercard from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $360.00 to $357.00 in a research note on Friday, April 29th. Morgan Stanley decreased their price target on shares of Mastercard from $449.00 to $442.00 and set an “overweight” rating on the stock in a research note on Thursday, April 21st. Raymond James decreased their price target on shares of Mastercard from $453.00 to $447.00 and set an “outperform” rating on the stock in a research note on Friday, January 28th. Citigroup decreased their price target on shares of Mastercard from $445.00 to $435.00 in a research note on Monday, April 25th. Finally, Barclays decreased their target price on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $420.76.

MA stock traded up $11.56 during mid-day trading on Friday, hitting $332.80. The company had a trading volume of 3,533,466 shares, compared to its average volume of 3,700,443. The firm has a market cap of $323.70 billion, a PE ratio of 34.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.01. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.34 and a current ratio of 1.34. Mastercard Incorporated has a 12 month low of $305.61 and a 12 month high of $399.92. The stock’s fifty day moving average price is $349.13 and its two-hundred day moving average price is $352.78.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.17 by $0.59. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 10.49 earnings per share for the current year.

Mastercard Company Profile (Get Rating)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

Featured Stories

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:MAGet Rating).

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.