Frank Rimerman Advisors LLC Buys Shares of 87 Mastercard Incorporated (NYSE:MA)

Frank Rimerman Advisors LLC bought a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 87 shares of the credit services provider’s stock, valued at approximately $37,000.

Several other large investors also recently bought and sold shares of MA. Activest Wealth Management lifted its position in shares of Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares in the last quarter. Cross Staff Investments Inc lifted its position in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after buying an additional 441 shares during the period. Everett Harris & Co. CA lifted its position in Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares during the period. Atlantic Union Bankshares Corp lifted its position in Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp lifted its position in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Mizuho reduced their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley reduced their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company raised their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Susquehanna restated a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Robert W. Baird raised their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $497.78.

View Our Latest Stock Analysis on Mastercard

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hai Ling sold 2,892 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total value of $1,330,320.00. Following the completion of the sale, the insider now directly owns 21,420 shares in the company, valued at approximately $9,853,200. The disclosure for this sale can be found here. Insiders have sold a total of 2,211,936 shares of company stock valued at $1,000,536,422 in the last quarter. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.2 %

NYSE MA traded up $1.11 during mid-day trading on Friday, reaching $449.79. 1,664,850 shares of the company’s stock traded hands, compared to its average volume of 2,103,489. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a fifty day simple moving average of $457.28 and a 200-day simple moving average of $448.92. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market cap of $418.13 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 1.76 and a beta of 1.09.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the firm earned $2.80 EPS. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 14.22 EPS for the current year.

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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