White Knight Strategic Wealth Advisors LLC Has $1.98 Million Stock Position in Mastercard Incorporated (NYSE:MA)

White Knight Strategic Wealth Advisors LLC lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 97.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,758 shares of the credit services provider's stock after buying an additional 1,854 shares during the period. Mastercard makes up 0.8% of White Knight Strategic Wealth Advisors LLC's holdings, making the stock its 26th largest position. White Knight Strategic Wealth Advisors LLC's holdings in Mastercard were worth $1,979,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MA. Whalerock Point Partners LLC increased its holdings in shares of Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after buying an additional 185 shares in the last quarter. Dock Street Asset Management Inc. grew its holdings in shares of Mastercard by 4.5% in the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock worth $35,932,000 after acquiring an additional 2,931 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of 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 period. Avestar Capital LLC raised its position in shares of 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 period. Finally, Norges Bank purchased a new stake in shares of Mastercard during the fourth quarter valued at $6,022,224,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, insider Sandra A. Arkell sold 150 shares of the company'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 in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's 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 directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,207 shares of company stock valued at $12,664,529 over the last three months. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Down 1.0%

NYSE:MA traded down $5.92 during mid-day trading on Friday, reaching $564.23. The stock had a trading volume of 1,948,767 shares, compared to its average volume of 2,611,624. 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 cap of $514.41 billion, a P/E ratio of 40.62, a PEG ratio of 2.37 and a beta of 1.06. The business's 50 day moving average is $540.36 and its 200 day moving average is $537.92. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $588.45.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MA. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Royal Bank of Canada boosted their price target on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods upped their price target on shares of Mastercard from $618.00 to $665.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Finally, DZ Bank raised shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and a consensus target price of $606.25.

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.