MGO Private Wealth LLC Purchases New Position in Mastercard Incorporated (NYSE:MA)

MGO Private Wealth LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 379 shares of the credit services provider’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Norges Bank acquired a new stake in Mastercard in the 4th quarter valued at about $6,022,224,000. GAMMA Investing LLC increased its position in Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after acquiring an additional 8,213,123 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Mastercard in the 4th quarter valued at about $837,017,000. Proficio Capital Partners LLC increased its position in Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after acquiring an additional 1,553,329 shares in the last quarter. Finally, Northern Trust Corp increased its position in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several research reports. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Macquarie lowered their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Evercore ISI started coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $610.00.

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares in the company, valued at $2,024,394.75. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,513 shares of company stock valued at $23,166,463. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 5.4%

Mastercard stock opened at $538.45 on Thursday. The stock has a market capitalization of $490.91 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a 50 day moving average of $558.50 and a 200-day moving average of $544.42.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.