Mastercard Incorporated $MA Shares Acquired by TIAA Trust National Association

TIAA Trust National Association lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.3% during the fourth quarter, Holdings Channel reports. The fund owned 88,755 shares of the credit services provider’s stock after purchasing an additional 6,000 shares during the quarter. TIAA Trust National Association’s holdings in Mastercard were worth $50,668,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after acquiring an additional 466,514 shares during the last quarter. State Street Corp boosted its stake in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mastercard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after acquiring an additional 349,369 shares during the last quarter. Capital International Investors boosted its stake in shares of Mastercard by 4.4% during the fourth quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after acquiring an additional 759,584 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter valued at $6,705,708,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on MA shares. Royal Bank Of Canada decreased their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Susquehanna reduced their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Morgan Stanley reiterated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a research report on Friday, May 1st. BMO Capital Markets started coverage on Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price on the stock. Finally, Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus target price of $656.04.

Mastercard Stock Performance

NYSE MA opened at $484.94 on Tuesday. The business’s 50-day moving average price is $499.50 and its 200 day moving average price is $524.72. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a market capitalization of $428.49 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. 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 (NYSE:MA) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $3.73 EPS. On average, research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current year.

About Mastercard

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.