Frisch Financial Group Inc. Buys 107 Shares of Mastercard Incorporated (NYSE:MA)

Frisch Financial Group Inc. grew its holdings in Mastercard Incorporated (NYSE:MA) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 793 shares of the credit services provider’s stock after acquiring an additional 107 shares during the period. Frisch Financial Group Inc.’s holdings in Mastercard were worth $350,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MA. Swedbank AB bought a new position in Mastercard in the first quarter worth approximately $660,652,000. PineStone Asset Management Inc. raised its position in Mastercard by 145.6% in the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after acquiring an additional 1,053,616 shares during the period. Vanguard Group Inc. raised its position in Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after acquiring an additional 742,076 shares during the period. Capital International Investors raised its position in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares during the period. Finally, Capital Research Global Investors raised its position in Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.9 %

Shares of MA opened at $497.74 on Tuesday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $498.32. The company has a 50-day moving average of $461.70 and a 200 day moving average of $460.35. The firm has a market capitalization of $462.71 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. On average, research analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Insider Activity

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 111,000 shares of Mastercard stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.07, for a total value of $50,068,770.00. Following the transaction, the insider now owns 92,672,308 shares of the company’s stock, valued at approximately $41,801,697,969.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last quarter, insiders sold 720,467 shares of company stock worth $331,875,955. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MA shares. Barclays increased their price objective on shares of Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Compass Point initiated coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. Finally, Argus raised shares of Mastercard to a “strong-buy” rating in a research note 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $510.88.

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.