Royal Bank of Canada Boosts Position in Mastercard Incorporated (NYSE:MA)

Royal Bank of Canada grew its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,124,227 shares of the credit services provider's stock after purchasing an additional 167,538 shares during the period. Royal Bank of Canada owned approximately 0.56% of Mastercard worth $2,698,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MA. Addison Advisors LLC increased its position in Mastercard by 3.8% in the 4th quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Mastercard by 0.6% in the fourth 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 in the last quarter. Capital Investment Services of America Inc. grew its stake in Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after acquiring an additional 19 shares during the period. Augustine Asset Management Inc. increased its holdings in shares of Mastercard by 1.1% during the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after acquiring an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC raised its position in shares of Mastercard by 0.9% during the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after purchasing an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of MA traded up $2.01 during mid-day trading on Monday, hitting $585.29. The stock had a trading volume of 1,875,523 shares, compared to its average volume of 2,606,117. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $588.31. 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 business has a fifty day moving average price of $535.67 and a 200-day moving average price of $535.89. The firm has a market cap of $533.61 billion, a P/E ratio of 42.14, a PEG ratio of 2.37 and a beta of 1.06.

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 for 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 period in the previous year, the business posted $3.31 EPS. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Wall Street Analyst Weigh In

MA has been the subject of several research reports. UBS Group reduced their price target on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target for the company. Macquarie decreased their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Citigroup boosted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $606.25.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of Mastercard 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 transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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 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.