TFR Capital LLC. Acquires Shares of 3,605 Mastercard Incorporated (NYSE:MA)

TFR Capital LLC. acquired a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,605 shares of the credit services provider's stock, valued at approximately $1,898,000.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Norges Bank purchased a new position in shares of Mastercard during the 4th quarter valued at $6,022,224,000. Raymond James Financial Inc. purchased a new stake in Mastercard during the 4th quarter worth about $837,017,000. Proficio Capital Partners LLC lifted its holdings in Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. Finally, Sanders Capital LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at about $617,303,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the business's 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 of the company's stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,207 shares of company stock valued at $12,664,529. Corporate insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MA. William Blair reiterated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Royal Bank of Canada increased their price objective on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. UBS Group increased their price objective on Mastercard from $640.00 to $660.00 and gave the company a "buy" rating in a research report on Wednesday. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. increased their price objective on Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $608.57.

Mastercard Stock Up 0.3%

NYSE:MA traded up $1.44 during trading hours on Thursday, reaching $577.36. 1,347,757 shares of the company traded hands, compared to its average volume of 2,605,808. The business's 50-day moving average price is $542.49 and its two-hundred day moving average price is $538.84. The stock has a market capitalization of $526.39 billion, a P/E ratio of 41.57, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year 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 announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The business 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 quarterly 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. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

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.