Bogart Wealth LLC Acquires 1,255 Shares of Mastercard Incorporated (NYSE:MA)

Bogart Wealth LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,120 shares of the credit services provider’s stock after acquiring an additional 1,255 shares during the quarter. Bogart Wealth LLC’s holdings in Mastercard were worth $7,302,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new position in Mastercard during the fourth quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new position in shares of Mastercard in the fourth quarter valued at about $33,000. Barometer Capital Management Inc. bought a new stake in shares of Mastercard during the 3rd quarter worth about $36,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after buying an additional 86 shares during the period. Finally, JCIC Asset Management Inc. grew its stake in Mastercard by 34.0% in the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after buying an additional 34 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MA shares. Royal Bank of Canada boosted their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company raised their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $496.27.

Mastercard Trading Up 0.1 %

Shares of MA traded up $0.32 during trading hours on Thursday, hitting $455.09. 329,306 shares of the stock were exchanged, compared to its average volume of 2,444,916. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The business has a 50-day moving average of $468.64 and a 200-day moving average of $439.23. The firm has a market capitalization of $424.55 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, research analysts expect that Mastercard Incorporated will post 14.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now directly owns 3,463 shares of the company’s stock, valued at $1,572,202. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 142,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the transaction, the insider now directly owns 96,377,308 shares in the company, valued at approximately $42,612,262,959.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares in the company, valued at approximately $1,572,202. The disclosure for this sale can be found here. Insiders sold 872,688 shares of company stock valued at $395,722,487 over the last 90 days. Company insiders own 0.13% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.