Mesirow Financial Investment Management Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 27.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 38,855 shares of the credit services provider’s stock after selling 14,352 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Mastercard were worth $22,180,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MA. State Street Corp lifted its position in shares of Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock worth $45,181,341,000 after purchasing an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Mastercard by 792.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock worth $494,110,000 after purchasing an additional 768,514 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 6.5% during the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock worth $5,885,944,000 after purchasing an additional 629,941 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Mastercard during the 4th quarter worth about $289,353,000. Institutional investors own 97.28% of the company’s stock.
Mastercard Trading Down 1.9%
Mastercard stock opened at $490.48 on Thursday. The business has a 50 day moving average price of $504.57 and a two-hundred day moving average price of $532.45. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $433.38 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77.
Key Headlines Impacting Mastercard
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard was included in Zacks’ list of transaction stocks to watch, with the note that contactless payments, BNPL, and cross-border payment growth continue to support the industry’s outlook. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
- Positive Sentiment: Amazon launched new business credit cards issued by U.S. Bank on the Mastercard network, which adds another branded-card use case and supports transaction volume for Mastercard. Amazon’s New Prime Business and Amazon Business Credit Cards, Powered by U.S. Bank and Mastercard®, Are Now Available with Enhanced Rewards and Flexible Financing
- Neutral Sentiment: Mastercard appeared in several analyst and market-research items, including a Truist price-target cut to $561 while keeping a buy rating, and other general commentary that did not materially change the company’s operating outlook. Mastercard (NYSE:MA) Price Target Cut to $561.00 by Analysts at Truist Financial
- Negative Sentiment: The biggest drag came from news that the U.S. government opened an inquiry into Brazil’s PIX instant-payments system, raising concerns that low-cost government-backed rails could bypass Mastercard and other card networks and pressure future cross-border transaction growth. U.S. PIX Inquiry Puts Mastercard Growth And Valuation In Focus
Analyst Ratings Changes
MA has been the subject of several research analyst reports. Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Raymond James Financial set a $609.00 price objective on Mastercard in a research report on Friday, May 1st. Cantor Fitzgerald raised Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Susquehanna cut their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $656.00.
Check Out Our Latest Analysis on Mastercard
Mastercard Company 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.
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