Northeast Financial Consultants Inc Has $5.25 Million Stake in Mastercard Incorporated (NYSE:MA)

Northeast Financial Consultants Inc lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,962 shares of the credit services provider’s stock after purchasing an additional 18 shares during the period. Northeast Financial Consultants Inc’s holdings in Mastercard were worth $5,246,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Mastercard in the fourth quarter valued at approximately $6,022,224,000. Raymond James Financial Inc. acquired a new position in Mastercard in the fourth quarter valued at approximately $837,017,000. Proficio Capital Partners LLC lifted its holdings in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after buying an additional 1,553,329 shares during the period. Northern Trust Corp lifted its holdings in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after buying an additional 1,207,787 shares during the period. Finally, Sanders Capital LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $617,303,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. Royal Bank of Canada increased their price objective on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. UBS Group cut their price objective on shares of Mastercard from $660.00 to $640.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Finally, KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.25.

Mastercard Stock Down 0.3%

Shares of MA stock opened at $576.46 on Wednesday. The firm has a fifty day moving average of $533.09 and a 200-day moving average of $534.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.86. The company has a market capitalization of $525.56 billion, a price-to-earnings ratio of 41.50, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.