Mastercard Incorporated (NYSE:MA) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,033,571 shares of the credit services provider's stock after buying an additional 724,887 shares during the period. Mastercard makes up 0.9% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings, making the stock its 14th biggest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.77% of Mastercard worth $3,703,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC acquired a new stake in Mastercard during the fourth quarter worth about $26,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $32,000. Finally, Navigoe LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The shares were 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 owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,207 shares of company stock worth $12,664,529. Corporate insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MA shares. KeyCorp lifted their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Wells Fargo & Company upped their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Mastercard Stock Performance

NYSE:MA opened at $585.29 on Tuesday. The firm has a market capitalization of $533.61 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The business's fifty day moving average price is $536.88 and its 200 day moving average price is $536.43. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $588.45.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.31 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Company 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.

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