Texas Capital Bank Wealth Management Services Inc grew its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 7.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,205 shares of the credit services provider’s stock after acquiring an additional 1,534 shares during the period. Mastercard comprises approximately 0.7% of Texas Capital Bank Wealth Management Services Inc’s investment portfolio, making the stock its 29th biggest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Mastercard were worth $12,106,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of MA. Vanguard Group Inc. grew its holdings in Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after purchasing an additional 466,514 shares during the last quarter. State Street Corp grew its holdings in Mastercard by 2.8% in the third 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. Geode Capital Management LLC grew its holdings in Mastercard by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares during the last quarter. Capital Research Global Investors grew its holdings in Mastercard by 6.5% in the third 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, Legal & General Group Plc grew its holdings in Mastercard by 4.2% in the third quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock worth $3,303,015,000 after purchasing an additional 235,403 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
Mastercard News Summary
Here are the key news stories impacting Mastercard this week:
- Positive Sentiment: Mastercard obtained a New York BitLicense, a meaningful regulatory step that could help the company scale its cryptocurrency and stablecoin infrastructure. Mastercard Obtains New York BitLicense for Cryptocurrency Operations
- Positive Sentiment: Multiple reports highlighted the BitLicense win as approval for Mastercard’s digital currency strategy, which may strengthen confidence in future growth from regulated blockchain-based payments. Mastercard wins New York regulatory approval to scale digital currency infrastructure
- Positive Sentiment: Mastercard also disclosed it will participate in two investor conferences in June, keeping management visible to investors and offering another forum to discuss strategy and growth initiatives. Mastercard to Participate in Upcoming Investor Conferences
- Neutral Sentiment: Several interviews and commentary pieces featuring Mastercard executives may help maintain investor interest, but they do not appear to include major new financial guidance or operational updates. Mastercard CTO Ed McLaughlin on Firm’s Goal to ‘Set the Stage for the Future’
- Neutral Sentiment: Other articles discussed Mastercard as a long-term growth stock and its anniversary as a NYSE-listed company, which are broadly supportive but not likely to move the stock on their own.
Mastercard Price Performance
Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating 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 company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the company earned $3.73 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Research analysts expect that Mastercard Incorporated will post 19.6 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have issued reports on MA shares. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a report on Wednesday, January 28th. BMO Capital Markets began coverage on shares of Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective on the stock. Tigress Financial boosted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $656.04.
View Our Latest Stock Analysis on Mastercard
About Mastercard
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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