1,923 Shares in Mastercard Incorporated $MA Purchased by Northbridge Financial Group LLC

Northbridge Financial Group LLC bought a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,923 shares of the credit services provider’s stock, valued at approximately $1,098,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Mastercard by 0.6% during 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 in the last quarter. State Street Corp boosted its stake in Mastercard by 2.8% during 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 in the last quarter. Capital Research Global Investors boosted its stake in Mastercard by 6.5% during 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 in the last quarter. Legal & General Group Plc boosted its stake in Mastercard by 4.2% during 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in Mastercard by 6.4% during 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 in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 1.3%

NYSE:MA opened at $499.32 on Wednesday. The stock’s fifty day moving average price is $502.47 and its two-hundred day moving average price is $530.50. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $441.19 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.58 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on MA. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research note on Friday, May 1st. Rothschild & Co Redburn set a $685.00 price objective on Mastercard in a report on Wednesday, January 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $739.00 price objective on shares of Mastercard in a report on Thursday, January 29th. Macquarie Infrastructure lifted their price objective on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, Cantor Fitzgerald raised Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $656.00.

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Mastercard News Summary

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About Mastercard

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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