Grant Private Wealth Management Inc Purchases 122 Shares of Mastercard Incorporated (NYSE:MA)

Grant Private Wealth Management Inc increased its position in shares of Mastercard Incorporated (NYSE:MA) by 19.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 764 shares of the credit services provider’s stock after buying an additional 122 shares during the period. Grant Private Wealth Management Inc’s holdings in Mastercard were worth $419,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. NewSquare Capital LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard in the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $32,000. Finally, Navigoe LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $33,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price for the company. Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,686 shares of company stock valued at $26,430,428. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Mastercard stock opened at $561.50 on Friday. The business has a 50 day moving average of $555.17 and a 200-day moving average of $543.96. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $511.92 billion, a P/E ratio of 40.42, a P/E/G ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.