Norges Bank Makes New $6.71 Billion Investment in Mastercard Incorporated $MA

by · The Cerbat Gem

Norges Bank acquired a new position in Mastercard Incorporated (NYSE:MA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,746,265 shares of the credit services provider’s stock, valued at approximately $6,705,708,000. Mastercard makes up 0.7% of Norges Bank’s portfolio, making the stock its 15th biggest holding.

Several other large investors have also recently bought and sold shares of the business. Riggs Asset Managment Co. Inc. raised its position in Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after acquiring an additional 18 shares in the last quarter. Tacita Capital Inc raised its position in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares in the last quarter. Affinity Capital Advisors LLC raised its position in Mastercard by 0.7% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after acquiring an additional 19 shares in the last quarter. Abacus Planning Group Inc. raised its position in Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 19 shares in the last quarter. Finally, Thomasville National Bank raised its position in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after acquiring an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1%

MA opened at $494.45 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market cap of $436.89 billion, a P/E ratio of 28.61, a PEG ratio of 1.54 and a beta of 0.76. Mastercard Incorporated has a 52 week low of $480.50 and a 52 week high of $601.77. The business’s fifty day simple moving average is $501.23 and its 200 day simple moving average is $527.57.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group dropped their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Evercore restated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Loop Capital assumed coverage on Mastercard in a research report on Tuesday, March 31st. They issued a “buy” rating and a $631.00 price target for the company. Finally, Bank of America assumed coverage on Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $656.04.

Read Our Latest Analysis on MA

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Mastercard Profile

(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.

See Also

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