Korea Investment CORP increased its holdings in shares of Mastercard (NYSE:MA) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 826,116 shares of the credit services provider’s stock after acquiring an additional 55,066 shares during the period. Korea Investment CORP owned approximately 0.08% of Mastercard worth $144,702,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Community Bank N.A. lifted its stake in shares of Mastercard by 119.7% in the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after buying an additional 365 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Mastercard in the fourth quarter worth approximately $103,000. Wealthcare Advisory Partners LLC bought a new position in shares of Mastercard in the third quarter worth approximately $106,000. Trustcore Financial Services LLC bought a new position in shares of Mastercard in the fourth quarter worth approximately $120,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Mastercard in the fourth quarter worth approximately $123,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.
Shares of MA stock opened at $191.91 on Friday. Mastercard has a 12 month low of $119.89 and a 12 month high of $194.72. The company has a market cap of $201.48 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64.
Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.25. Mastercard had a net margin of 32.42% and a return on equity of 91.56%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was up 30.9% on a year-over-year basis. research analysts predict that Mastercard will post 6.3 earnings per share for the current year.
Several research analysts have recently issued reports on MA shares. Argus upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Friday, February 2nd. Guggenheim reiterated a “buy” rating and issued a $201.00 target price on shares of Mastercard in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $191.00 price objective for the company in a report on Monday, February 5th. Tigress Financial reissued a “buy” rating on shares of Mastercard in a report on Thursday, February 8th. Finally, Vetr raised shares of Mastercard from a “sell” rating to a “buy” rating and set a $182.50 price objective for the company in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $185.95.
In other news, CEO Ajay Banga sold 239,020 shares of the stock in a transaction on Thursday, May 3rd. The shares were sold at an average price of $185.97, for a total value of $44,450,549.40. Following the completion of the sale, the chief executive officer now directly owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 306,209 shares of company stock valued at $56,620,393. 0.32% of the stock is owned by corporate insiders.
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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