RM Financial Services LLC Purchases New Position in Mastercard Incorporated $MA

RM Financial Services LLC purchased a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,411 shares of the credit services provider’s stock, valued at approximately $806,000.

A number of other hedge funds have also modified their holdings of the company. Riggs Asset Managment Co. Inc. raised its position in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 18 shares during the period. Tacita Capital Inc increased its position in shares of Mastercard by 50.0% in the 3rd 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 in the last quarter. Affinity Capital Advisors LLC increased its position in shares of Mastercard by 0.7% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after buying an additional 19 shares in the last quarter. Abacus Planning Group Inc. increased its position in shares of Mastercard by 3.3% in the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares in the last quarter. Finally, Thomasville National Bank increased its position in shares of Mastercard by 4.1% in the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup lowered their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. BMO Capital Markets assumed coverage on shares of Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price objective for the company. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Bank of America assumed coverage on shares of Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $656.04.

Check Out Our Latest Report on Mastercard

Mastercard Price Performance

Shares of NYSE MA opened at $489.19 on Thursday. The firm has a market cap of $432.24 billion, a PE ratio of 28.31, a PEG ratio of 1.54 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 Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The company has a fifty day moving average price of $499.64 and a 200 day moving average price of $524.20.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.73 EPS. Research analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Mastercard Company Profile

(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.

Featured Stories

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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