Charles Schwab Investment Management Inc. Grows Position in Mastercard Incorporated (NYSE:MA)

Charles Schwab Investment Management Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,665,483 shares of the credit services provider’s stock after purchasing an additional 107,953 shares during the period. Charles Schwab Investment Management Inc. owned 0.50% of Mastercard worth $1,989,875,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MA. Cypress Wealth Services LLC grew its stake in Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after buying an additional 24 shares during the period. Syntegra Private Wealth Group LLC boosted its holdings in Mastercard by 1.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares during the period. TRUE Private Wealth Advisors boosted its holdings in shares of Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after buying an additional 24 shares during the period. Indiana Trust & Investment Management CO grew its position in shares of Mastercard by 4.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after buying an additional 25 shares during the last quarter. Finally, Tufton Capital Management lifted its holdings in Mastercard by 4.5% in the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MA shares. Wells Fargo & Company increased their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Oppenheimer restated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Barclays cut their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday. Raymond James lifted their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were 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 owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. In the last three months, insiders sold 872,088 shares of company stock valued at $395,452,118. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

MA stock traded down $0.13 during trading on Wednesday, reaching $452.93. 893,514 shares of the stock were exchanged, compared to its average volume of 2,452,884. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $422.53 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The stock has a 50 day simple moving average of $468.64 and a 200-day simple moving average of $439.23.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the company posted $2.80 earnings per share. Mastercard’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current year.

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.