Wealthspire Advisors LLC Purchases 1,163 Shares of Mastercard Incorporated (NYSE:MA)

Wealthspire Advisors LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 8.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,243 shares of the credit services provider’s stock after purchasing an additional 1,163 shares during the quarter. Wealthspire Advisors LLC’s holdings in Mastercard were worth $6,075,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard during the 4th quarter valued at approximately $27,000. Criterion Capital Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at approximately $33,000. Barometer Capital Management Inc. bought a new position in shares of Mastercard during the 3rd quarter valued at approximately $36,000. Thomas J. Herzfeld Advisors Inc. grew its stake in shares of Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 86 shares during the period. Finally, JCIC Asset Management Inc. grew its stake in shares of Mastercard by 34.0% during the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after acquiring an additional 34 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.4 %

Mastercard stock traded up $1.92 during mid-day trading on Wednesday, hitting $454.98. The company’s stock had a trading volume of 2,332,407 shares, compared to its average volume of 2,469,699. The company has a 50 day moving average of $468.64 and a 200-day moving average of $439.23. The stock has a market cap of $424.45 billion, a PE ratio of 36.17, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.80 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 14.22 EPS for the current year.

Insider Buying and Selling at Mastercard

In other news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 142,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $442.14, for a total value of $62,783,880.00. Following the sale, the insider now owns 96,377,308 shares of the company’s stock, valued at $42,612,262,959.12. The disclosure for this sale can be found here. Insiders have sold 872,688 shares of company stock valued at $395,722,487 in the last quarter. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. BMO Capital Markets boosted their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. KeyCorp boosted their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada boosted their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $496.27.

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.