Abacus Wealth Partners LLC Increases Stock Position in Mastercard Incorporated $MA

Abacus Wealth Partners LLC grew its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 246.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,625 shares of the credit services provider’s stock after acquiring an additional 1,867 shares during the quarter. Abacus Wealth Partners LLC’s holdings in Mastercard were worth $1,499,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MA. State Street Corp boosted its holdings in shares of Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after purchasing an additional 955,533 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Mastercard by 792.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after purchasing an additional 768,514 shares during the period. Capital Research Global Investors grew its stake in shares of Mastercard by 6.5% during the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after purchasing an additional 629,941 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Mastercard during the 4th quarter valued at about $289,353,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

More Mastercard News

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Wall Street Analysts Forecast Growth

A number of analysts have commented on MA shares. UBS Group reduced their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Daiwa Securities Group set a $610.00 price target on shares of Mastercard and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $656.00.

Get Our Latest Stock Analysis on Mastercard

Mastercard Trading Up 0.7%

MA stock opened at $493.41 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The stock has a market capitalization of $435.97 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76. The firm’s fifty day simple moving average is $503.29 and its two-hundred day simple moving average is $531.59.

Mastercard (NYSE:MAGet Free Report) last released its earnings results 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 analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business’s revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $3.73 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

About Mastercard

(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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