NorthRock Partners LLC Purchases 4,780 Shares of Mastercard Incorporated (NYSE:MA)

NorthRock Partners LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 88.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,203 shares of the credit services provider's stock after purchasing an additional 4,780 shares during the quarter. NorthRock Partners LLC's holdings in Mastercard were worth $5,373,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC grew its position in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank acquired a new stake in Mastercard during the 4th quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP boosted its stake in Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MA. JPMorgan Chase & Co. lifted their target price on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Morgan Stanley reduced their price target on Mastercard from $654.00 to $644.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. UBS Group dropped their price objective on Mastercard from $660.00 to $640.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Finally, KeyCorp upped 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. Six 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 company's stock. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $606.25.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction that occurred on 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 directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,207 shares of company stock valued at $12,664,529. 0.10% of the stock is currently owned by insiders.

Mastercard Trading Up 0.1%

NYSE MA traded up $0.77 on Friday, reaching $582.97. The company had a trading volume of 2,225,350 shares, compared to its average volume of 2,606,561. The business has a 50 day moving average of $535.67 and a two-hundred day moving average of $535.48. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $584.57. The firm has a market cap of $531.49 billion, a price-to-earnings ratio of 41.97, a P/E/G 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.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 earnings per share. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current 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.