Brucke Financial Inc. Takes $599,000 Position in Mastercard Incorporated (NYSE:MA)

Brucke Financial Inc. purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,079 shares of the credit services provider's stock, valued at approximately $599,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whalerock Point Partners LLC boosted its holdings in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after purchasing an additional 185 shares during the last quarter. Dock Street Asset Management Inc. boosted its holdings in Mastercard by 4.5% during the fourth quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after purchasing an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after purchasing an additional 1,194 shares during the last quarter. Avestar Capital LLC boosted its holdings in Mastercard by 10.9% during the fourth quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock worth $2,955,000 after purchasing an additional 550 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its holdings in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after purchasing an additional 93 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MA. Keefe, Bruyette & Woods boosted their price target on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. UBS Group boosted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 target price on the stock in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $608.57.

Mastercard Price Performance

Shares of NYSE:MA traded up $1.05 during trading on Wednesday, reaching $575.60. The company had a trading volume of 1,701,113 shares, compared to its average volume of 2,607,926. The company has a fifty day moving average of $542.49 and a two-hundred day moving average of $538.84. The stock has a market capitalization of $524.78 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

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

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction 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 sale, the insider now owns 3,555 shares of the company's stock, valued at $2,024,394.75. This trade represents a 4.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company's stock.

About Mastercard

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.