Ameritas Advisory Services LLC Has $7.09 Million Stock Holdings in Mastercard Incorporated $MA

Ameritas Advisory Services LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 52.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,423 shares of the credit services provider’s stock after buying an additional 4,284 shares during the period. Ameritas Advisory Services LLC’s holdings in Mastercard were worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MA. State Street Corp grew its holdings in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after buying an additional 997,536 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Mastercard by 1.2% during the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after buying an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Mastercard by 792.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after buying an additional 768,514 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Mastercard by 6.5% during the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after buying an additional 629,941 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Mastercard during the fourth quarter valued at about $289,353,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday. Royal Bank Of Canada reduced their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Tigress Financial lifted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, Bank of America initiated coverage on shares of Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective for the company. Six 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 given a Sell rating to the company. According to MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $656.00.

Mastercard Stock Up 0.5%

MA opened at $500.18 on Wednesday. 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 company’s 50-day moving average is $505.21 and its 200 day moving average is $533.04. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77. The firm has a market capitalization of $441.95 billion, a P/E ratio of 28.95, a PEG ratio of 1.55 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 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 company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the firm earned $3.73 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Research analysts expect that Mastercard Incorporated will post 19.58 earnings per share for the current fiscal year.

Mastercard 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.