Bleakley Financial Group LLC Boosts Stock Position in Mastercard Incorporated $MA

Bleakley Financial Group LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 29,411 shares of the credit services provider’s stock after buying an additional 2,662 shares during the quarter. Bleakley Financial Group LLC’s holdings in Mastercard were worth $16,790,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its position 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 during the last quarter. Tacita Capital Inc boosted its position 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 during the last quarter. Foster Dykema Cabot & Partners LLC boosted its position 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 during the last quarter. Bay Harbor Wealth Management LLC boosted its position 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 during the last quarter. Finally, Birchbrook Inc. purchased a new stake in Mastercard in the fourth quarter valued at approximately $37,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MA. UBS Group dropped their target price on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Morgan Stanley reiterated an “overweight” rating and issued a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research report on Wednesday, January 28th. Finally, Loop Capital assumed coverage on Mastercard in a research report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 target price on the stock. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Buy” and an average price target of $656.00.

Mastercard Trading Down 0.1%

Mastercard stock opened at $498.24 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77. The stock’s 50 day simple moving average is $501.70 and its two-hundred day simple moving average is $529.03. The firm has a market cap of $440.24 billion, a PE ratio of 28.83, a P/E/G ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MA) last released its quarterly earnings data 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 business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the firm posted $3.73 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard’s long-term share-price surge and strong historical returns were highlighted again, reinforcing investor confidence in its durable business model and compounding earnings power. Mastercard’s 12,000% surge proves value investing
• Positive Sentiment: Mastercard’s renewed partnership with CIB, Egypt’s largest private-sector bank, suggests continued international expansion and deeper digital payments penetration in an important growth market. Mastercard and CIB Team to Boost Digital Payments in Egypt
• Positive Sentiment: Reports that Mastercard’s BVNK deal is part of a larger stablecoin strategy point to a push into digital assets and next-generation payments, which could open new revenue opportunities if executed well. Mastercard BVNK Acquisition: Zerohash Dropped as $1.8B Stablecoin Bet Takes Shape
• Neutral Sentiment: Several articles revisited Mastercard’s exceptional IPO-to-present gains and compared it with Visa, but these pieces were mostly commentary and did not change the fundamental outlook. Mastercard’s stock is up 11,000% since its IPO 20 years ago. What comes next?

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.