Mufg Securities Americas Inc. Buys Shares of 12,100 Mastercard Incorporated (NYSE:MA)

Mufg Securities Americas Inc. purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, HoldingsChannel reports. The fund purchased 12,100 shares of the credit services provider’s stock, valued at approximately $6,371,000. Mastercard accounts for approximately 0.8% of Mufg Securities Americas Inc.’s holdings, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Addison Advisors LLC boosted its holdings in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after acquiring an additional 18 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after buying an additional 19 shares in the last quarter. Capital Investment Services of America Inc. increased its position in Mastercard by 4.2% during the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after buying an additional 19 shares during the period. Augustine Asset Management Inc. boosted its position in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after acquiring an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC increased its position in Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock worth $1,182,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $576.46 on Wednesday. The company has a market capitalization of $525.56 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.86. The stock has a fifty day simple moving average of $533.09 and a 200 day simple moving average of $534.18.

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

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares of the company’s stock, valued at $1,887,900. The trade was a 4.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MA. UBS Group dropped their price target on shares of Mastercard from $660.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Raymond James restated an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a research report on Friday, January 31st. Barclays increased their price target on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $606.25.

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.