Lakeshore Capital Group Inc. Makes New Investment in Mastercard Incorporated (NYSE:MA)

Lakeshore Capital Group Inc. bought a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,228 shares of the credit services provider's stock, valued at approximately $647,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MA. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Accel Wealth Management lifted its holdings in Mastercard by 9.5% in the 4th quarter. Accel Wealth Management now owns 632 shares of the credit services provider's stock worth $333,000 after purchasing an additional 55 shares during the last quarter. CFS Investment Advisory Services LLC boosted its position in Mastercard by 14.9% during the fourth quarter. CFS Investment Advisory Services LLC now owns 1,016 shares of the credit services provider's stock worth $535,000 after purchasing an additional 132 shares during the period. Stewardship Advisors LLC raised its position in shares of Mastercard by 12.6% in the fourth quarter. Stewardship Advisors LLC now owns 956 shares of the credit services provider's stock valued at $503,000 after purchasing an additional 107 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its holdings in shares of Mastercard by 8.4% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 82,221 shares of the credit services provider's stock worth $43,295,000 after buying an additional 6,373 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly owns 34,524 shares of the company's stock, valued at approximately $18,459,292.32. This represents a 17.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,207 shares of company stock worth $12,664,529 over the last three months. 0.10% of the stock is currently owned by insiders.

Mastercard Trading Up 0.2%

MA traded up $1.05 during midday trading on Wednesday, hitting $575.60. 1,701,113 shares of the company were exchanged, compared to its average volume of 2,607,926. The firm has a market capitalization of $524.78 billion, a P/E ratio of 41.44, a P/E/G ratio of 2.37 and a beta of 1.06. The firm's 50 day moving average price is $542.49 and its 200-day moving average price is $538.84. 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 Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45.

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, beating analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 earnings per share. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. DZ Bank raised Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a research report on Tuesday, February 4th. Susquehanna upped their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Raymond James reaffirmed an "outperform" rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Piper Sandler restated an "overweight" rating and set a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Six 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $608.57.

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.