White Knight Strategic Wealth Advisors LLC Buys 1,854 Shares of Mastercard Incorporated (NYSE:MA)

White Knight Strategic Wealth Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 97.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,758 shares of the credit services provider's stock after purchasing an additional 1,854 shares during the period. Mastercard accounts for about 0.8% of White Knight Strategic Wealth Advisors LLC's investment portfolio, making the stock its 26th biggest holding. White Knight Strategic Wealth Advisors LLC's holdings in Mastercard were worth $1,979,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,207 shares of company stock valued at $12,664,529. Insiders own 0.10% of the company's stock.

Mastercard Stock Up 0.3%

Mastercard stock opened at $585.29 on Tuesday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $588.45. The business has a fifty day moving average price of $536.88 and a 200-day moving average price of $536.43. 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 stock has a market capitalization of $533.61 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly 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. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. The company's quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MA. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Keefe, Bruyette & Woods boosted their price objective on Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a report on Friday, January 31st. DZ Bank upgraded 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. JPMorgan Chase & Co. lifted their target price on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Raymond James restated an "outperform" rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $606.25.

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.

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