Wealthspire Advisors LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Wealthspire Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,243 shares of the credit services provider’s stock after acquiring an additional 1,163 shares during the period. Wealthspire Advisors LLC’s holdings in Mastercard were worth $6,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its stake in Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the last quarter. Cross Staff Investments Inc increased its position in Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA increased its position in Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp increased its position in Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp increased its position in Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE:MA traded up $1.92 during trading hours on Wednesday, reaching $454.98. 2,332,407 shares of the company traded hands, compared to its average volume of 2,469,699. The firm’s 50-day moving average is $468.64 and its 200-day moving average is $439.23. The stock has a market cap of $424.45 billion, a P/E ratio of 36.17, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the company posted $2.80 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. TD Cowen initiated coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. BMO Capital Markets upped their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $496.27.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 147,000 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.58, for a total value of $65,794,260.00. Following the transaction, the insider now directly owns 96,230,308 shares of the company’s stock, valued at approximately $43,070,761,254.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 7,851 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 872,688 shares of company stock valued at $395,722,487 in the last quarter. 0.13% of the stock is currently owned by company insiders.

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.