Stonebridge Financial Group LLC MO Makes New Investment in Mastercard Incorporated $MA

Stonebridge Financial Group LLC MO purchased a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,446 shares of the credit services provider’s stock, valued at approximately $826,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Tacita Capital Inc boosted its holdings in 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 acquiring an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC boosted its holdings in 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 acquiring an additional 40 shares during the period. Bay Harbor Wealth Management LLC boosted its holdings in 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 acquiring an additional 20 shares during the period. Birchbrook Inc. purchased a new position in Mastercard in the 4th quarter worth approximately $37,000. Finally, Dagco Inc. boosted its holdings in Mastercard by 200.0% in the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley restated an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a report on Friday, May 1st. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Citigroup decreased their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. UBS Group decreased their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Royal Bank Of Canada cut their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average price target of $656.00.

Mastercard Stock Performance

Shares of MA opened at $500.18 on Wednesday. The business’s 50 day moving average is $505.21 and its two-hundred day moving average is $533.04. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The firm has a market cap of $441.95 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.55 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last announced its 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 return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the company posted $3.73 EPS. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 19.58 EPS for the current fiscal 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.