Fort Sheridan Advisors LLC Acquires 170 Shares of Mastercard Inc (NYSE:MA)

Fort Sheridan Advisors LLC lifted its holdings in Mastercard Inc (NYSE:MA) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,864 shares of the credit services provider’s stock after acquiring an additional 170 shares during the period. Mastercard accounts for about 1.4% of Fort Sheridan Advisors LLC’s portfolio, making the stock its 16th biggest holding. Fort Sheridan Advisors LLC’s holdings in Mastercard were worth $1,900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MA. Norges Bank bought a new position in shares of Mastercard in the fourth quarter worth about $2,754,179,000. Private Advisor Group LLC boosted its stake in shares of Mastercard by 101.0% in the fourth quarter. Private Advisor Group LLC now owns 47,225 shares of the credit services provider’s stock worth $14,041,000 after acquiring an additional 4,942,155 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Mastercard by 637.9% in the first quarter. Fisher Asset Management LLC now owns 3,560,005 shares of the credit services provider’s stock worth $859,955,000 after acquiring an additional 3,077,542 shares during the period. Veritas Asset Management LLP bought a new position in shares of Mastercard in the first quarter worth about $549,597,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Mastercard by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 12,483,087 shares of the credit services provider’s stock worth $3,727,324,000 after acquiring an additional 772,021 shares during the period. 73.87% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Nomura reaffirmed a “buy” rating and issued a $334.00 price objective on shares of Mastercard in a research note on Thursday, April 30th. Piper Sandler dropped their price target on Mastercard from $332.00 to $292.00 in a research note on Thursday, March 12th. Nomura Securities dropped their price target on Mastercard from $368.00 to $334.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research note on Wednesday, March 18th. Finally, Wells Fargo & Co dropped their price target on Mastercard from $370.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Five investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $320.46.

In other Mastercard news, Director Julius Genachowski sold 2,009 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now directly owns 7,346 shares in the company, valued at approximately $2,070,029.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance Darrell Gordon Uggla acquired 1,000 shares of Mastercard stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $265.00 per share, for a total transaction of $265,000.00. Following the completion of the acquisition, the director now directly owns 5,691 shares in the company, valued at $1,508,115. The disclosure for this purchase can be found here. Corporate insiders own 3.79% of the company’s stock.

Shares of NYSE MA traded up $7.14 during midday trading on Thursday, hitting $306.91. The company’s stock had a trading volume of 275,973 shares, compared to its average volume of 4,446,465. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.30. The business’s 50 day moving average is $272.66 and its two-hundred day moving average is $288.15. Mastercard Inc has a 12-month low of $199.99 and a 12-month high of $347.25. The firm has a market cap of $304.46 billion, a P/E ratio of 39.41, a price-to-earnings-growth ratio of 3.44 and a beta of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.10. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The firm had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period in the prior year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that Mastercard Inc will post 6.4 earnings per share for the current fiscal year.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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