LGT Capital Partners LTD. Has $67.70 Million Position in Mastercard Incorporated $MA

LGT Capital Partners LTD. boosted its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,594 shares of the credit services provider’s stock after buying an additional 6,061 shares during the period. Mastercard comprises 3.4% of LGT Capital Partners LTD.’s portfolio, making the stock its 11th largest holding. LGT Capital Partners LTD.’s holdings in Mastercard were worth $67,703,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Riggs Asset Managment Co. Inc. boosted its stake in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after buying an additional 18 shares in the last quarter. Tacita Capital Inc boosted its stake in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares in the last quarter. Affinity Capital Advisors LLC lifted its holdings in shares of Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after acquiring an additional 19 shares during the period. Abacus Planning Group Inc. lifted its holdings in shares of Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 19 shares during the period. Finally, Thomasville National Bank lifted its holdings in shares of Mastercard by 4.1% during the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. TD Cowen reissued a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Truist Financial cut their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada cut their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Citigroup cut their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Loop Capital reissued a “buy” rating and set a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $656.04.

Read Our Latest Research Report on MA

Mastercard Stock Performance

Shares of NYSE:MA opened at $484.94 on Tuesday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The firm has a market cap 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 debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The business has a fifty day moving average of $499.50 and a 200-day moving average of $524.72.

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, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the company posted $3.73 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard 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.

Recommended Stories

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.