Stonebridge Financial Group LLC MO Purchases New Stake in Mastercard Incorporated $MA

Stonebridge Financial Group LLC MO purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,446 shares of the credit services provider’s stock, valued at approximately $826,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Mastercard by 0.6% in 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 during the period. State Street Corp increased its position 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 worth $20,807,283,000 after buying an additional 997,536 shares during the period. Capital Research Global Investors increased its position in Mastercard by 6.5% in 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 during the period. Legal & General Group Plc increased its position in Mastercard by 4.2% in 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 during the period. Finally, Invesco Ltd. increased its position in Mastercard by 6.4% in the third quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock worth $3,218,638,000 after buying an additional 339,137 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MA shares. Dbs Bank raised Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Daiwa Securities Group set a $610.00 target price on Mastercard and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. Finally, Truist Financial dropped their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $656.00.

Mastercard Trading Up 0.5%

NYSE:MA opened at $500.18 on Wednesday. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The stock has a market cap of $441.95 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.55 and a beta of 0.76. The business has a fifty day moving average of $505.21 and a 200-day moving average of $533.04. 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 (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (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 company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the prior year, the business posted $3.73 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 19.58 earnings per share for the current 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.