Altrafin AG Buys Shares of 43,558 Mastercard Incorporated $MA

Altrafin AG bought a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, Holdings Channel reports. The firm bought 43,558 shares of the credit services provider’s stock, valued at approximately $24,867,000. Mastercard accounts for about 7.9% of Altrafin AG’s portfolio, making the stock its 4th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mastercard by 820.0% in 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 purchasing an additional 41 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its stake 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 valued at $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC grew its stake in shares of 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 during the last quarter. Birchbrook Inc. purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $37,000. Finally, Tucker Asset Management LLC purchased a new position in shares of Mastercard in the 4th quarter valued at approximately $37,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research firms have recently commented on MA. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Royal Bank Of Canada reduced their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. TD Cowen reissued a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Tigress Financial raised their price target on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, Loop Capital reissued a “buy” rating and issued a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $656.04.

Read Our Latest Stock Analysis on MA

Mastercard Stock Up 0.6%

MA opened at $489.36 on Friday. 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 business has a 50 day simple moving average of $499.31 and a 200-day simple moving average of $523.57. The stock has a market capitalization of $432.39 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.53 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 issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.Mastercard’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.73 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal 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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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