Staley Capital Advisers Inc. Sells 2,100 Shares of Mastercard Incorporated $MA

Staley Capital Advisers Inc. trimmed its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 35.3% in the 4th quarter, Holdings Channel reports. The fund owned 3,842 shares of the credit services provider’s stock after selling 2,100 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Mastercard were worth $2,193,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MA. E Fund Management Hong Kong Co. Ltd. increased its position in 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 buying an additional 41 shares in the last quarter. Tacita Capital Inc increased its position in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its position in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC increased its position in Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares in the last quarter. Finally, Birchbrook Inc. bought a new position in Mastercard during the 4th quarter valued at approximately $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.7%

MA stock opened at $493.41 on Friday. Mastercard Incorporated has a 1-year low of $480.50 and a 1-year high of $601.77. The business has a fifty day moving average price of $503.29 and a 200-day moving average price of $531.59. 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 stock has a market capitalization of $435.97 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.54 and a beta of 0.76.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share 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 firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the company earned $3.73 earnings per share. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

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Analyst Ratings Changes

Several brokerages have issued reports on MA. Morgan Stanley reaffirmed an “overweight” rating and issued a $679.00 target price on shares of Mastercard in a report on Friday, May 1st. UBS Group decreased their target price on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Bank of America began coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price for the company. Raymond James Financial set a $609.00 target price on shares of Mastercard in a report on Friday, May 1st. Finally, BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a report on Thursday, March 19th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $656.00.

Get Our Latest Stock Analysis on MA

Mastercard 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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