Prospera Financial Services Inc Trims Holdings in Mastercard Incorporated $MA

Prospera Financial Services Inc trimmed its position in Mastercard Incorporated (NYSE:MAFree Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,554 shares of the credit services provider’s stock after selling 1,045 shares during the quarter. Prospera Financial Services Inc’s holdings in Mastercard were worth $16,316,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the period. Tacita Capital Inc boosted its stake 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 purchasing an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC boosted its stake 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 purchasing an additional 40 shares during the period. Bay Harbor Wealth Management LLC boosted its stake 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 purchasing an additional 20 shares during the period. Finally, Birchbrook Inc. bought a new position in Mastercard in the 4th quarter worth approximately $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.3%

NYSE MA opened at $498.24 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $440.24 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.56 and a beta of 0.76. Mastercard Incorporated has a one year low of $480.50 and a one year high of $601.77. The stock has a 50 day moving average price of $501.67 and a 200-day moving average price of $529.52.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.73 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MA. Citigroup dropped their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Susquehanna dropped their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Bank of America began coverage on Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research note on Wednesday, January 28th. Finally, Macquarie Infrastructure upped their price target on Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average target price of $656.00.

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Key Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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