JPMorgan Chase & Co. Boosts Mastercard (NYSE:MA) Price Target to $593.00

Mastercard (NYSE:MA - Get Free Report) had its price target increased by stock analysts at JPMorgan Chase & Co. from $570.00 to $593.00 in a report released on Monday, Benzinga reports. The firm presently has an "overweight" rating on the credit services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 15.14% from the stock's previous close.

MA has been the topic of a number of other reports. Piper Sandler upped their price objective on shares of Mastercard from $531.00 to $536.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of Mastercard from $500.00 to $526.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Evercore ISI lowered their price objective on Mastercard from $540.00 to $525.00 and set an "outperform" rating for the company in a research report on Tuesday, June 25th. Oppenheimer assumed coverage on Mastercard in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $591.00 price objective on the stock. Finally, Bank of America raised their target price on Mastercard from $480.00 to $509.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $525.68.

Mastercard Trading Down 0.3 %

NYSE MA traded down $1.33 on Monday, reaching $515.01. The company had a trading volume of 2,214,431 shares, compared to its average volume of 2,441,779. The firm has a market cap of $478.76 billion, a price-to-earnings ratio of 41.14, a P/E/G ratio of 2.22 and a beta of 1.10. Mastercard has a fifty-two week low of $359.77 and a fifty-two week high of $518.82. The business has a 50 day moving average of $486.90 and a two-hundred day moving average of $464.01. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Analysts forecast that Mastercard will post 14.3 EPS for the current year.

Insiders Place Their Bets

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company's stock, valued at approximately $8,440,885.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company's stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Mastercard

Several large investors have recently modified their holdings of the business. Palisade Asset Management LLC bought a new stake in Mastercard during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard during the 2nd quarter worth about $34,000. Fairway Wealth LLC bought a new position in Mastercard in the 2nd quarter worth about $35,000. Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock valued at $43,000 after buying an additional 37 shares during the period. Finally, VitalStone Financial LLC lifted its holdings in shares of Mastercard by 55.0% in the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider's stock worth $45,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

About Mastercard

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.