Mastercard Incorporated $MA Shares Purchased by Glenview Trust Co

Glenview Trust Co grew its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 176,207 shares of the credit services provider’s stock after purchasing an additional 5,935 shares during the quarter. Mastercard accounts for about 1.6% of Glenview Trust Co’s holdings, making the stock its 15th biggest holding. Glenview Trust Co’s holdings in Mastercard were worth $100,593,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vulcan Value Partners LLC increased its holdings in shares of Mastercard by 6.5% during the third quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after acquiring an additional 28,331 shares in the last quarter. Nicholson Wealth Management Group LLC boosted its position in Mastercard by 153.6% in the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock valued at $1,625,000 after buying an additional 1,730 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Mastercard in the fourth quarter valued at approximately $1,113,000. Assetmark Inc. boosted its position in Mastercard by 4.5% in the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after buying an additional 9,795 shares during the last quarter. Finally, Longbow Finance SA boosted its position in Mastercard by 50.3% in the third quarter. Longbow Finance SA now owns 23,013 shares of the credit services provider’s stock valued at $13,090,000 after buying an additional 7,704 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.1%

Mastercard stock opened at $498.24 on Monday. 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 12 month low of $480.50 and a 12 month high of $601.77. The stock’s 50 day simple moving average is $501.67 and its two-hundred day simple moving average is $529.42. The firm has a market cap of $440.24 billion, a PE ratio of 28.83, a P/E/G ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 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 business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the firm posted $3.73 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MA shares. Truist Financial dropped their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Wells Fargo & Company upped their target price on Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Loop Capital started coverage on Mastercard in a research report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 target price on the stock. Royal Bank Of Canada dropped their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $656.00.

View Our Latest Stock Analysis on Mastercard

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

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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