Nuveen Asset Management LLC Purchases 71,874 Shares of Mastercard Incorporated (NYSE:MA)

Nuveen Asset Management LLC grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,610,333 shares of the credit services provider's stock after acquiring an additional 71,874 shares during the quarter. Mastercard comprises about 1.1% of Nuveen Asset Management LLC's portfolio, making the stock its 11th largest position. Nuveen Asset Management LLC owned 0.83% of Mastercard worth $4,007,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Addison Advisors LLC boosted its position in Mastercard by 3.8% during the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock worth $260,000 after acquiring an additional 18 shares during the period. Capital Investment Advisory Services LLC boosted its position in Mastercard by 0.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after acquiring an additional 19 shares during the period. Capital Investment Services of America Inc. boosted its position in Mastercard by 4.2% during the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after acquiring an additional 19 shares during the period. Augustine Asset Management Inc. lifted its holdings in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after buying an additional 19 shares during the period. Finally, Richard W. Paul & Associates LLC lifted its holdings in shares of Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.77 during midday trading on Friday, hitting $582.97. 2,225,350 shares of the company were exchanged, compared to its average volume of 2,606,561. 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 firm has a market cap of $531.49 billion, a P/E ratio of 41.97, a PEG ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $584.57. The firm has a 50 day simple moving average of $535.67 and a 200-day simple moving average of $535.48.

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

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The stock was 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 approximately $18,459,292.32. The trade was a 17.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction on 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 owns 3,255 shares of the company's stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,207 shares of company stock worth $12,664,529 in the last 90 days. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. DZ Bank upgraded Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a report on Friday, January 31st. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $606.25.

Mastercard 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.