Leo Wealth LLC Acquires New Holdings in Mastercard Incorporated (NYSE:MA)

Leo Wealth LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,811 shares of the credit services provider’s stock, valued at approximately $2,120,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Carolinas Wealth Consulting LLC lifted its stake in shares of Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the period. Cypress Wealth Services LLC lifted its stake in shares of Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the period. Syntegra Private Wealth Group LLC lifted its stake in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the period. TRUE Private Wealth Advisors lifted its stake in shares of Mastercard by 2.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after acquiring an additional 24 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its stake in shares of Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after acquiring an additional 25 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MA shares. Morgan Stanley cut their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Mizuho cut their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. TD Cowen initiated coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Susquehanna reissued a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Barclays dropped their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $497.78.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were 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 in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold a total of 2,667,400 shares of company stock valued at $1,204,048,040 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 0.8 %

MA opened at $448.11 on Tuesday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The stock’s fifty day simple moving average is $453.64 and its 200 day simple moving average is $450.99. 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 stock has a market cap of $416.57 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its quarterly 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 return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, research analysts expect 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.