Mastercard Inc (MA) Stake Raised by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC grew its position in Mastercard Inc (NYSE:MA) by 4.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,121 shares of the credit services provider’s stock after purchasing an additional 9,912 shares during the period. United Capital Financial Advisers LLC’s holdings in Mastercard were worth $41,184,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Cetera Advisors LLC boosted its stake in shares of Mastercard by 10.3% in the 1st quarter. Cetera Advisors LLC now owns 2,916 shares of the credit services provider’s stock valued at $510,000 after purchasing an additional 272 shares in the last quarter. Sather Financial Group Inc lifted its position in Mastercard by 0.4% during the 1st quarter. Sather Financial Group Inc now owns 61,189 shares of the credit services provider’s stock worth $10,718,000 after buying an additional 272 shares in the last quarter. Bank of The Ozarks lifted its position in Mastercard by 2.3% during the 1st quarter. Bank of The Ozarks now owns 12,809 shares of the credit services provider’s stock worth $2,244,000 after buying an additional 285 shares in the last quarter. Pinnacle Financial Partners Inc. lifted its position in Mastercard by 4.6% during the 1st quarter. Pinnacle Financial Partners Inc. now owns 6,559 shares of the credit services provider’s stock worth $1,149,000 after buying an additional 287 shares in the last quarter. Finally, Brighton Jones LLC lifted its position in Mastercard by 17.7% during the 4th quarter. Brighton Jones LLC now owns 1,972 shares of the credit services provider’s stock worth $298,000 after buying an additional 297 shares in the last quarter. Institutional investors own 74.64% of the company’s stock.

In related news, insider Craig Vosburg sold 17,496 shares of the stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $185.96, for a total transaction of $3,253,556.16. Following the completion of the sale, the insider now directly owns 42,229 shares of the company’s stock, valued at approximately $7,852,904.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ajay Banga sold 239,020 shares of the stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $185.97, for a total value of $44,450,549.40. Following the sale, the chief executive officer now directly owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 269,631 shares of company stock valued at $50,004,432. 0.32% of the stock is currently owned by company insiders.

Shares of MA stock traded up $0.05 on Monday, reaching $199.58. The company had a trading volume of 26,495 shares, compared to its average volume of 3,023,005. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market cap of $208.30 billion, a PE ratio of 43.58, a price-to-earnings-growth ratio of 1.66 and a beta of 1.18. Mastercard Inc has a 12 month low of $120.65 and a 12 month high of $204.00.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. Mastercard’s revenue was up 30.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. research analysts anticipate that Mastercard Inc will post 6.32 earnings per share for the current year.

Several brokerages recently issued reports on MA. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating and set a $227.00 price target on the stock in a research report on Wednesday, June 6th. UBS Group began coverage on shares of Mastercard in a research report on Thursday, May 17th. They set a “neutral” rating and a $205.00 price target on the stock. Wells Fargo & Co reiterated a “buy” rating on shares of Mastercard in a research report on Wednesday, May 30th. Bank of America upped their price target on shares of Mastercard from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, KeyCorp upped their price target on shares of Mastercard from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, May 4th. Three investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $186.91.

Mastercard Company Profile

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 related products and services.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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