Griffin Asset Management Inc. Purchases New Shares in Mastercard Incorporated $MA

Griffin Asset Management Inc. purchased a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,881 shares of the credit services provider’s stock, valued at approximately $1,074,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. grew its position in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares during the period. Millington Financial Advisors LLC grew its position in Mastercard by 5.2% during the third quarter. Millington Financial Advisors LLC now owns 386 shares of the credit services provider’s stock valued at $216,000 after buying an additional 19 shares during the period. Tacita Capital Inc grew its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares during the period. Affinity Capital Advisors LLC grew its position in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after buying an additional 19 shares during the period. Finally, Abacus Planning Group Inc. grew its position in Mastercard by 3.3% during the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating and set a $739.00 price target on shares of Mastercard in a research report on Thursday, January 29th. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. BMO Capital Markets initiated coverage on shares of Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target on the stock. Rothschild & Co Redburn set a $685.00 target price on shares of Mastercard in a research report on Wednesday, January 28th. Finally, Bank of America initiated coverage on shares of Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus price target of $656.00.

Read Our Latest Stock Report on MA

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Down 0.2%

Shares of NYSE MA opened at $498.59 on Thursday. The company’s 50-day simple moving average is $502.08 and its 200-day simple moving average is $530.11. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The firm has a market cap of $440.55 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter last year, the business earned $3.73 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.