Signet Private Wealth LLC Takes Position in Mastercard Incorporated $MA

Signet Private Wealth LLC acquired a new stake in Mastercard Incorporated (NYSE:MAFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,100 shares of the credit services provider’s stock, valued at approximately $628,000.

A number of other institutional investors have also recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares during the period. Tacita Capital Inc grew its holdings in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC grew its holdings in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 40 shares during the period. Bay Harbor Wealth Management LLC increased its stake in Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares in the last quarter. Finally, Birchbrook Inc. purchased a new position in Mastercard in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on MA. Loop Capital reiterated a “buy” rating and set a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Bank of America initiated coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Evercore reaffirmed a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Tigress Financial boosted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Finally, Citigroup lowered their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $656.04.

View Our Latest Research Report on MA

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

Shares of NYSE MA opened at $489.19 on Thursday. The company has a 50-day simple moving average of $499.64 and a 200-day simple moving average of $524.20. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $432.24 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.73 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Company 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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