Mastercard (NYSE:MA) Price Target Increased to $538.00 by Analysts at Citigroup

Mastercard (NYSE:MA) had its price target raised by investment analysts at Citigroup from $528.00 to $538.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Citigroup’s price objective indicates a potential upside of 16.87% from the stock’s current price.

A number of other equities analysts also recently weighed in on MA. BNP Paribas raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. Piper Sandler began coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Finally, KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $507.59.

Mastercard Stock Down 0.7 %

MA traded down $3.37 on Thursday, hitting $460.34. The company had a trading volume of 1,583,983 shares, compared to its average volume of 2,494,357. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard has a 52-week low of $359.77 and a 52-week high of $490.00. The stock has a fifty day simple moving average of $446.04 and a 200-day simple moving average of $456.36. The firm has a market capitalization of $427.94 billion, a P/E ratio of 36.62, a P/E/G ratio of 1.77 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the firm earned $2.80 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts expect that Mastercard will post 14.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the transaction, the insider now directly owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now directly owns 3,463 shares in the company, valued at $1,572,202. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The disclosure for this sale can be found here. Insiders have sold 2,604,228 shares of company stock valued at $1,173,133,440 in the last ninety days. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mastercard

Institutional investors have recently bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Mastercard by 10.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 524 shares of the credit services provider’s stock worth $223,000 after buying an additional 49 shares during the period. Advisory Alpha LLC raised its holdings in shares of Mastercard by 26.0% during the fourth quarter. Advisory Alpha LLC now owns 752 shares of the credit services provider’s stock worth $321,000 after purchasing an additional 155 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of Mastercard by 14.6% during the fourth quarter. Clear Creek Financial Management LLC now owns 1,253 shares of the credit services provider’s stock worth $534,000 after purchasing an additional 160 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of Mastercard by 6.3% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 10,100 shares of the credit services provider’s stock worth $4,308,000 after purchasing an additional 600 shares during the last quarter. Finally, KRS Capital Management LLC raised its holdings in shares of Mastercard by 4.2% during the fourth quarter. KRS Capital Management LLC now owns 2,724 shares of the credit services provider’s stock worth $1,162,000 after purchasing an additional 110 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company 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.