RiverPoint Capital Management LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 15.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,825 shares of the credit services provider’s stock after selling 700 shares during the period. RiverPoint Capital Management LLC’s holdings in Mastercard were worth $465,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MA. American Beacon Advisors Inc. acquired a new position in Mastercard during the 1st quarter worth $100,000. Lipe & Dalton acquired a new position in Mastercard during the 1st quarter worth $101,000. Chicago Partners Investment Group LLC lifted its position in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares during the last quarter. Finally, Kistler Tiffany Companies LLC raised its position in shares of Mastercard by 10.9% during the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.
Mastercard Incorporated (MA) opened at 146.59 on Friday. Mastercard Incorporated has a 52-week low of $99.51 and a 52-week high of $148.45. The company has a 50-day moving average of $142.60 and a 200-day moving average of $128.49. The company has a market cap of $156.10 billion, a P/E ratio of 36.37 and a beta of 1.18.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is currently 21.78%.
In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 completion of the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Insiders sold 408,172 shares of company stock worth $53,121,532 in the last ninety days. 0.30% of the stock is owned by corporate insiders.
A number of brokerages have recently commented on MA. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. increased their price target on shares of Mastercard and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Wednesday, July 5th. Finally, Cowen and Company reissued an “outperform” rating and issued a $137.00 price target (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $148.54.
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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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