Mastercard Incorporated $MA Shares Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its position in Mastercard Incorporated (NYSE:MA) by 92.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,367 shares of the credit services provider’s stock after buying an additional 2,099 shares during the period. Marks Group Wealth Management Inc’s holdings in Mastercard were worth $2,493,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Tacita Capital Inc increased its holdings in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Bay Harbor Wealth Management LLC increased its holdings in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares in the last quarter. Finally, Birchbrook Inc. purchased a new position in Mastercard in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $484.94 on Tuesday. The business has a 50 day simple moving average of $499.50 and a two-hundred day simple moving average of $524.72. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The stock has a market capitalization of $428.49 billion, a P/E ratio of 28.06, a PEG ratio of 1.53 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Evercore reaffirmed a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Loop Capital reaffirmed a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. BMO Capital Markets assumed coverage on shares of Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price objective for the company. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a report on Thursday, March 19th. Finally, Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $656.04.

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.