Expressive Wealth LLC Takes Position in Mastercard Incorporated $MA

by · The Cerbat Gem

Expressive Wealth LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,349 shares of the credit services provider’s stock, valued at approximately $770,000. Mastercard accounts for about 0.8% of Expressive Wealth LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vulcan Value Partners LLC grew its stake in Mastercard by 6.5% in the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after acquiring an additional 28,331 shares during the period. Nicholson Wealth Management Group LLC grew its stake in Mastercard by 153.6% in the 3rd quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after acquiring an additional 1,730 shares during the period. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Mastercard in the 4th quarter worth approximately $1,113,000. Assetmark Inc. grew its stake in Mastercard by 4.5% in the 4th quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock worth $130,902,000 after acquiring an additional 9,795 shares during the period. Finally, Longbow Finance SA grew its stake in Mastercard by 50.3% in the 3rd quarter. Longbow Finance SA now owns 23,013 shares of the credit services provider’s stock worth $13,090,000 after acquiring an additional 7,704 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Down 0.9%

Shares of Mastercard stock opened at $494.22 on Wednesday. The company has a fifty day moving average price of $501.62 and a 200 day moving average price of $528.62. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The stock has a market cap of $436.68 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the prior year, the company earned $3.73 EPS. The firm’s revenue was up 15.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. Evercore reissued a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Thursday, March 19th. Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Finally, Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $656.04.

Read Our Latest Stock Report on Mastercard

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.

Read More

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:MA – Free Report).