Quadrant Capital Group LLC Boosts Stock Holdings in Mastercard Incorporated $MA

Quadrant Capital Group LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,823 shares of the credit services provider’s stock after acquiring an additional 1,814 shares during the quarter. Mastercard accounts for about 0.4% of Quadrant Capital Group LLC’s portfolio, making the stock its 28th largest position. Quadrant Capital Group LLC’s holdings in Mastercard were worth $14,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vulcan Value Partners LLC grew its stake 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 worth $265,233,000 after purchasing an additional 28,331 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Mastercard during the fourth quarter worth $1,113,000. Assetmark Inc. grew its stake in shares of Mastercard by 4.5% during the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock worth $130,902,000 after purchasing an additional 9,795 shares in the last quarter. Longbow Finance SA grew its stake in shares of Mastercard by 50.3% during the third quarter. Longbow Finance SA now owns 23,013 shares of the credit services provider’s stock worth $13,090,000 after purchasing an additional 7,704 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in Mastercard by 396.3% in the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock valued at $26,343,000 after acquiring an additional 36,848 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Susquehanna dropped their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Truist Financial dropped their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Dbs Bank raised Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Finally, Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $656.04.

View Our Latest Stock Analysis on MA

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Mastercard Price Performance

Shares of MA opened at $489.36 on Friday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a market capitalization of $432.39 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The firm has a 50-day simple moving average of $499.31 and a 200-day simple moving average of $523.57. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

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 the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the prior year, the firm earned $3.73 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current 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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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