Great Lakes Advisors LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 37.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,658 shares of the credit services provider’s stock after selling 2,147 shares during the period. Great Lakes Advisors LLC’s holdings in Mastercard were worth $444,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in Mastercard in the first quarter valued at approximately $100,000. Lipe & Dalton acquired a new stake in Mastercard in the first quarter valued at approximately $101,000. Chicago Partners Investment Group LLC boosted its stake in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares in the last quarter. Finally, Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.01% of the company’s stock.
MA has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $147.00 target price (up from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Wednesday, July 5th. BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 price objective (up from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $125.00 price objective on shares of Mastercard in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $148.54.
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Mastercard Incorporated (MA) opened at 145.38 on Friday. The firm has a 50-day moving average of $141.77 and a 200 day moving average of $127.66. The firm has a market capitalization of $154.81 billion, a price-to-earnings ratio of 36.07 and a beta of 1.18. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $148.45.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same period last year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post $4.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.61%. Mastercard’s dividend payout ratio is currently 21.78%.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the sale, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders have sold a total of 641,820 shares of company stock worth $83,385,957 over the last ninety days. 0.30% of the stock is owned by corporate insiders.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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