2,132 Shares in Mastercard Incorporated $MA Acquired by SBI Okasan Asset Management Co.Ltd.

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,132 shares of the credit services provider’s stock, valued at approximately $1,232,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after buying an additional 466,514 shares in the last quarter. State Street Corp boosted its holdings in Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after buying an additional 997,536 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after buying an additional 349,369 shares in the last quarter. Capital Research Global Investors boosted its holdings in 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 worth $5,885,944,000 after buying an additional 629,941 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Mastercard by 4.2% during the third quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock worth $3,303,015,000 after buying an additional 235,403 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 0.3%

MA stock opened at $493.76 on Friday. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market cap of $436.28 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 1.54 and a beta of 0.76. The company has a 50 day moving average of $501.11 and a two-hundred day moving average of $527.80.

Mastercard (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the prior year, the firm earned $3.73 EPS. The company’s revenue was up 15.8% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on MA. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $739.00 price objective on shares of Mastercard in a research note on Thursday, January 29th. Susquehanna decreased their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Royal Bank Of Canada decreased their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, UBS Group decreased their price objective on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Six equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $656.04.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard received a New York BitLicense, strengthening its ability to pursue regulated digital asset, stablecoin, and blockchain payment initiatives. Mastercard Granted New York State Department of Financial Services BitLicense
• Positive Sentiment: Analyst and commentary pieces highlighted Mastercard as a potential beneficiary of inflation and currency debasement trends, pointing to its high-margin payments model and durable global network. Mastercard: The Perfect Hedge Against Currency Debasement And Inflation
• Neutral Sentiment: Mastercard’s upcoming conference appearances keep management visible to investors, but these events are unlikely to move the stock on their own. Mastercard to Participate in Upcoming Investor Conferences
• Neutral Sentiment: The company also presented at Bernstein’s Strategic Decisions Conference, which may offer strategic updates but does not appear to include a major new catalyst. Mastercard Incorporated (MA) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

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.