Schroder Investment Management Group boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 53.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 616,152 shares of the credit services provider’s stock after buying an additional 215,376 shares during the quarter. Schroder Investment Management Group owned approximately 0.06% of Mastercard worth $74,868,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard during the first quarter worth about $100,000. Proficio Capital Partners LLC boosted its holdings in Mastercard by 108.2% in the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the last quarter. Lipe & Dalton acquired a new position in Mastercard in the 1st quarter valued at about $101,000. Chicago Partners Investment Group LLC boosted its holdings in Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the last quarter. Finally, Norway Savings Bank boosted its holdings in Mastercard by 1.1% in the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at $149.69 on Tuesday. The company has a market capitalization of $158,312.31, a P/E ratio of 34.70, a P/E/G ratio of 1.99 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $152.00.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 earnings per share. research analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.47%.
Several brokerages have recently commented on MA. Bank of America Corporation upped their price objective on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a research report on Tuesday, October 31st. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. BMO Capital Markets restated an “outperform” rating and issued a $174.00 target price (up previously from $157.00) on shares of Mastercard in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co increased their price target on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $157.68.
In related news, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $3,582,984 over the last quarter. Corporate insiders own 0.30% of the company’s stock.
Mastercard Company Profile
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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