TIAA Trust National Association Raises Stock Holdings in Mastercard Incorporated $MA

TIAA Trust National Association lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,755 shares of the credit services provider’s stock after purchasing an additional 6,000 shares during the quarter. TIAA Trust National Association’s holdings in Mastercard were worth $50,668,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Tacita Capital Inc raised its stake in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in shares of Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC raised its stake in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares during the last quarter. Finally, Birchbrook Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.2%

Mastercard stock opened at $484.94 on Tuesday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $428.49 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The stock’s fifty day moving average is $499.50 and its two-hundred day moving average is $524.72.

Mastercard (NYSE:MA) last posted its earnings results 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. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.73 earnings per share. Analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MA. Loop Capital reaffirmed a “buy” rating and set a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Bank of America began coverage on Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a report on Thursday, March 19th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned 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 target price of $656.04.

About Mastercard

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.