Catalyst Financial Partners LLC Purchases 40 Shares of Mastercard Incorporated (NYSE:MA)

Catalyst Financial Partners LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,661 shares of the credit services provider’s stock after purchasing an additional 40 shares during the period. Catalyst Financial Partners LLC’s holdings in Mastercard were worth $1,135,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MA. LFA Lugano Financial Advisors SA bought a new stake in Mastercard during the fourth quarter worth $27,000. Criterion Capital Advisors LLC purchased a new position in Mastercard during the 4th quarter valued at about $33,000. Barometer Capital Management Inc. purchased a new position in Mastercard during the 3rd quarter valued at about $36,000. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 86 shares during the period. Finally, JCIC Asset Management Inc. grew its stake in shares of Mastercard by 34.0% in the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. KeyCorp lifted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Oppenheimer reissued an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. BMO Capital Markets boosted their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group increased their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $496.27.

Mastercard Stock Up 0.2 %

Mastercard stock traded up $0.76 during mid-day trading on Thursday, reaching $455.53. The stock had a trading volume of 1,970,118 shares, compared to its average volume of 2,464,441. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50-day simple moving average is $468.16 and its 200-day simple moving average is $439.34. The firm has a market capitalization of $424.96 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.34 billion. During the same period in the previous year, the business earned $2.80 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold 1,023,688 shares of company stock worth $464,057,537 in the last 90 days. Insiders own 0.13% of the company’s stock.

About Mastercard

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.