Frisch Financial Group Inc. Grows Position in Mastercard Incorporated (NYSE:MA)

Frisch Financial Group Inc. raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 15.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 793 shares of the credit services provider’s stock after purchasing an additional 107 shares during the quarter. Frisch Financial Group Inc.’s holdings in Mastercard were worth $350,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MA. Gilbert & Cook Inc. increased its stake in Mastercard by 8.3% during the 4th quarter. Gilbert & Cook Inc. now owns 3,134 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 241 shares in the last quarter. Aveo Capital Partners LLC increased its stake in shares of Mastercard by 8.8% in the fourth quarter. Aveo Capital Partners LLC now owns 1,427 shares of the credit services provider’s stock worth $609,000 after acquiring an additional 116 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of Mastercard by 7.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 8,431 shares of the credit services provider’s stock worth $3,565,000 after acquiring an additional 571 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Mastercard by 114.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,485 shares of the credit services provider’s stock worth $1,486,000 after acquiring an additional 1,860 shares during the period. Finally, Sachetta LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $84,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the sale, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 720,467 shares of company stock worth $331,875,955. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Citigroup increased their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler increased their price target on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. Finally, TD Cowen increased their price target on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $510.88.

Mastercard Price Performance

Shares of NYSE MA opened at $497.74 on Tuesday. The firm has a 50-day simple moving average of $461.70 and a 200-day simple moving average of $460.35. The stock has a market capitalization of $462.71 billion, a price-to-earnings ratio of 39.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. 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 Incorporated has a 52 week low of $359.77 and a 52 week high of $498.32.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. On average, equities analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal 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.