Mastercard (NYSE:MA) PT Raised to $593.00 at JPMorgan Chase & Co.

Mastercard (NYSE:MA) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $570.00 to $593.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 15.59% from the stock’s current price.

Several other research analysts also recently commented on the stock. Compass Point began coverage on shares of Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Citigroup boosted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Evercore ISI reduced their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, Bank of America upped their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Stock Performance

NYSE MA opened at $513.02 on Monday. The firm has a market cap of $476.91 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.22 and a beta of 1.10. The company has a 50-day simple moving average of $489.16 and a two-hundred day simple moving average of $464.58. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard has a 12-month low of $359.77 and a 12-month high of $518.82.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, equities analysts forecast that Mastercard will post 14.3 EPS for the current year.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mastercard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its stake in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Swedbank AB purchased a new position in Mastercard in the 1st quarter worth about $660,652,000. PineStone Asset Management Inc. raised its position in Mastercard by 145.6% in the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Mastercard during the 2nd quarter valued at about $259,071,000. Finally, Capital World Investors boosted its holdings in shares of Mastercard by 13.3% during the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after acquiring an additional 387,317 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

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.