Citizens Financial Group Inc RI Increases Stake in Mastercard Incorporated (NYSE:MA)

Citizens Financial Group Inc RI increased its holdings in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 2,860.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,774 shares of the credit services provider’s stock after acquiring an additional 181,432 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Mastercard were worth $1,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cranbrook Wealth Management LLC grew its position in Mastercard by 217.4% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 73 shares of the credit services provider’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Mastercard in the 4th quarter worth about $37,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Mastercard in the fourth quarter valued at approximately $42,000. Tortoise Investment Management LLC boosted its holdings in shares of Mastercard by 71.4% in the fourth quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock valued at $47,000 after acquiring an additional 55 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 74.94% of the company’s stock.

NYSE MA traded up $4.58 on Tuesday, reaching $334.31. The stock had a trading volume of 22,706 shares, compared to its average volume of 3,903,740. Mastercard Incorporated has a 1 year low of $305.61 and a 1 year high of $399.92. The business has a 50 day moving average price of $349.44 and a 200 day moving average price of $353.00. The company has a market capitalization of $325.17 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 1.57 and a beta of 1.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s quarterly revenue was up 24.4% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post 10.49 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Bank of America decreased their price objective on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a report on Monday, April 18th. BMO Capital Markets decreased their price objective on shares of Mastercard from $412.00 to $402.00 in a report on Friday, April 29th. Barclays decreased their price objective on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. Finally, Raymond James decreased their target price on Mastercard from $453.00 to $447.00 and set an “outperform” rating on the stock in a report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $420.76.

In related news, major shareholder Foundation Mastercard sold 106,330 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $333.03, for a total transaction of $35,411,079.90. Following the completion of the transaction, the insider now owns 103,629,316 shares of the company’s stock, valued at approximately $34,511,671,107.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 1,561 shares of the business’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The disclosure for this sale can be found here. Insiders sold 327,543 shares of company stock valued at $108,482,025 in the last ninety days. Insiders own 0.33% of the company’s stock.

Mastercard Company Profile (Get Rating)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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