HighPoint Advisor Group LLC Buys New Position in Mastercard Incorporated (NYSE:MA)

HighPoint Advisor Group LLC bought a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,163 shares of the credit services provider’s stock, valued at approximately $9,453,000. Mastercard comprises about 0.7% of HighPoint Advisor Group LLC’s holdings, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Carolinas Wealth Consulting LLC increased its stake in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares during the last quarter. Cypress Wealth Services LLC increased its holdings in shares of Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after buying an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC lifted its holdings in shares of Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the last quarter. TRUE Private Wealth Advisors grew its position in Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after acquiring an additional 24 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA stock traded up $1.57 during midday trading on Tuesday, reaching $449.68. The stock had a trading volume of 158,434 shares, compared to its average volume of 2,389,676. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The stock has a market cap of $418.03 billion, a PE ratio of 35.62, a P/E/G ratio of 1.74 and a beta of 1.09. The firm has a fifty day simple moving average of $453.64 and a two-hundred day simple moving average of $450.99.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MA. Barclays lowered their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. TD Cowen assumed coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $497.78.

Check Out Our Latest Research Report on Mastercard

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the completion of the sale, the insider now directly owns 94,014,308 shares in the company, valued at approximately $41,500,735,980.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,667,400 shares of company stock valued at $1,204,048,040. 0.10% of the stock is owned by insiders.

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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