ING Groep NV Has $733.41 Million Position in Mastercard Incorporated $MA

ING Groep NV trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,284,699 shares of the credit services provider’s stock after selling 56,362 shares during the quarter. Mastercard comprises about 4.4% of ING Groep NV’s holdings, making the stock its 5th biggest holding. ING Groep NV’s holdings in Mastercard were worth $733,409,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MA. Brighton Jones LLC raised its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares during the last quarter. Betterment LLC raised its holdings in shares of Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after buying an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after buying an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Mastercard in the second quarter valued at about $431,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MA shares. Tigress Financial boosted their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $656.04.

Mastercard Trading Up 2.1%

Shares of Mastercard stock opened at $491.67 on Friday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The stock has a market cap of $434.43 billion, a P/E ratio of 28.45, a P/E/G ratio of 1.53 and a beta of 0.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The business’s 50 day moving average is $499.81 and its 200-day moving average is $525.11.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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 company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the prior year, the business posted $3.73 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard’s CEO said spending growth has been holding up across all income bands, suggesting consumers remain resilient despite higher gas and food prices. That supports the outlook for payment volume and transaction growth. Mastercard CEO: Spending growth has been happening across all income bands
• Positive Sentiment: Mastercard is expanding its open finance ecosystem through a partnership with PaidBy, adding cross-border open banking payments, local-currency account-to-account transactions, and faster settlement. Can Mastercard Strengthen Its Open Finance Ecosystem With PaidBy?
• Positive Sentiment: News that Mastercard is adding stablecoins and broader settlement windows points to continued innovation in payments infrastructure, which could help the company capture more transaction flows and improve settlement efficiency. Mastercard adds stablecoins to payment settlement system
• Positive Sentiment: Mastercard’s leadership shake-up and AI-focused initiatives suggest management is trying to accelerate fintech growth and modernize the business, which investors may view as supportive of long-term expansion. Mastercard Leadership Shake-Up to Drive Fintech Growth
• Neutral Sentiment: Analysts and commentators continue to highlight Mastercard’s strong value-added services and high-return business model, but this is more of a long-term valuation argument than a direct near-term catalyst. Mastercard: Advanced DuPont Analysis Reveals Value-Added Services Are Built To Skyrocket The Share Price
• Negative Sentiment: Mastercard transactions in Cuba are set to be suspended, a reminder that geopolitical and sanctions-related issues can still disrupt some transaction volumes, though the financial impact is likely limited. Visa, Mastercard transactions in Cuba to be suspended, central bank says

Mastercard 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.