Mastercard Incorporated $MA is Torque Asset Management LLC’s 3rd Largest Position

Torque Asset Management LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 7.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,038 shares of the credit services provider’s stock after purchasing an additional 3,852 shares during the period. Mastercard makes up 11.1% of Torque Asset Management LLC’s holdings, making the stock its 3rd biggest holding. Torque Asset Management LLC’s holdings in Mastercard were worth $31,991,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 466,514 shares during the period. State Street Corp boosted its holdings in Mastercard by 2.8% in 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 purchasing an additional 997,536 shares during the period. Geode Capital Management LLC boosted its holdings in Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after purchasing an additional 349,369 shares during the period. Capital International Investors grew its stake in Mastercard by 4.4% during the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock worth $10,256,368,000 after purchasing an additional 759,584 shares in the last quarter. Finally, Morgan Stanley grew its stake in Mastercard by 0.8% during the 4th quarter. Morgan Stanley now owns 16,046,550 shares of the credit services provider’s stock worth $9,160,657,000 after purchasing an additional 123,528 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on MA. Royal Bank Of Canada reduced their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Morgan Stanley restated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a research note on Friday, May 1st. Truist Financial reduced their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research note on Friday, May 1st. Finally, Susquehanna lowered their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard Trading Up 0.1%

NYSE:MA opened at $490.47 on Tuesday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The stock has a market cap of $433.37 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.53 and a beta of 0.74. 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 stock has a 50-day simple moving average of $499.25 and a 200-day simple moving average of $523.09.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $3.73 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share 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.