EP Wealth Advisors LLC Cuts Stock Position in Mastercard Incorporated (NYSE:MA)

EP Wealth Advisors LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,103 shares of the credit services provider’s stock after selling 59 shares during the quarter. EP Wealth Advisors LLC’s holdings in Mastercard were worth $6,868,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kestra Advisory Services LLC grew its stake in Mastercard by 12.8% during the third quarter. Kestra Advisory Services LLC now owns 48,429 shares of the credit services provider’s stock valued at $19,174,000 after acquiring an additional 5,482 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Mastercard during the third quarter valued at about $40,952,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Mastercard in the third quarter worth about $28,151,000. Envestnet Asset Management Inc. boosted its stake in Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after buying an additional 428,627 shares during the last quarter. Finally, Paces Ferry Wealth Advisors LLC grew its holdings in Mastercard by 5.6% during the 3rd quarter. Paces Ferry Wealth Advisors LLC now owns 890 shares of the credit services provider’s stock valued at $352,000 after buying an additional 47 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective on the stock. Evercore ISI increased their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Barclays reduced their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $497.78.

Check Out Our Latest Stock Report on MA

Mastercard Stock Down 0.1 %

Shares of MA stock traded down $0.37 on Friday, hitting $444.63. The stock had a trading volume of 2,161,546 shares, compared to its average volume of 2,074,082. The company has a market cap of $413.33 billion, a PE ratio of 35.34, a P/E/G ratio of 1.74 and a beta of 1.09. The business has a 50 day moving average price of $454.26 and a 200 day moving average price of $450.18. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00.

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

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares of the company’s stock, valued at $1,572,202. The disclosure for this sale can be found here. Insiders sold a total of 2,551,400 shares of company stock worth $1,152,586,960 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Mastercard 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.

See Also

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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