Mastercard Incorporated (NYSE:MA) Shares Bought by Range Financial Group LLC

Range Financial Group LLC raised its position in Mastercard Incorporated (NYSE:MA) by 22.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,312 shares of the credit services provider’s stock after acquiring an additional 243 shares during the quarter. Range Financial Group LLC’s holdings in Mastercard were worth $719,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in shares of Mastercard during the 4th quarter worth $26,000. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the 4th quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the 4th quarter worth $30,000. Finally, 10Elms LLP acquired a new position in shares of Mastercard during the 4th quarter worth $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Mastercard stock opened at $590.03 on Monday. The business’s 50-day simple moving average is $547.49 and its 200 day simple moving average is $542.12. The stock has a market cap of $537.94 billion, a price-to-earnings ratio of 42.48, a P/E/G ratio of 2.37 and a beta of 1.05. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $591.66. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the business earned $3.31 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,258 shares of company stock valued at $20,885,067 over the last 90 days. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on MA. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective on the stock. Finally, UBS Group boosted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Profile

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.