Passumpsic Savings Bank Invests $2.87 Million in Mastercard Incorporated $MA

Passumpsic Savings Bank acquired a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,019 shares of the credit services provider’s stock, valued at approximately $2,865,000. Mastercard makes up 1.6% of Passumpsic Savings Bank’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. State Street Corp increased its position in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Vanguard Group Inc. increased its position in Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock worth $45,181,341,000 after purchasing an additional 955,533 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Mastercard by 792.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock worth $494,110,000 after purchasing an additional 768,514 shares in the last quarter. Capital Research Global Investors increased its position in Mastercard by 6.5% during the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after purchasing an additional 629,941 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in Mastercard during the 4th quarter worth about $289,353,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.2%

Shares of NYSE:MA opened at $493.41 on Monday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The stock has a market capitalization of $435.97 billion, a P/E ratio of 28.55, a PEG ratio of 1.54 and a beta of 0.76. The stock has a 50-day simple moving average of $503.29 and a 200-day simple moving average of $531.31.

Mastercard (NYSE:MAGet Free Report) last issued 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 return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the previous year, the business earned $3.73 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial dropped their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. BNP Paribas Exane upgraded Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a report on Thursday, March 19th. Bank of America began coverage on Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Finally, Rothschild & Co Redburn set a $685.00 price target on Mastercard in a report on Wednesday, January 28th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $656.00.

Read Our Latest Stock Report on MA

Key Mastercard News

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About Mastercard

(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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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