QS Investors LLC lessened its holdings in Mastercard (NYSE:MA) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,056 shares of the credit services provider’s stock after selling 6,118 shares during the period. QS Investors LLC’s holdings in Mastercard were worth $12,117,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in MA. Colony Group LLC lifted its stake in Mastercard by 21.7% during the 2nd quarter. Colony Group LLC now owns 149,281 shares of the credit services provider’s stock worth $18,130,000 after acquiring an additional 26,611 shares in the last quarter. Strategic Wealth Advisors Group LLC acquired a new position in Mastercard during the 2nd quarter worth about $2,854,000. Gofen & Glossberg LLC IL lifted its stake in Mastercard by 0.7% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 157,023 shares of the credit services provider’s stock worth $19,070,000 after acquiring an additional 1,081 shares in the last quarter. WINTON GROUP Ltd raised its position in Mastercard by 41.0% in the 2nd quarter. WINTON GROUP Ltd now owns 28,710 shares of the credit services provider’s stock valued at $3,487,000 after purchasing an additional 8,349 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Mastercard by 24.1% in the 2nd quarter. Advisory Services Network LLC now owns 17,721 shares of the credit services provider’s stock valued at $2,152,000 after purchasing an additional 3,444 shares in the last quarter. 76.09% of the stock is currently owned by institutional investors and hedge funds.
MA has been the topic of a number of analyst reports. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target on the stock in a research report on Wednesday, February 21st. Royal Bank of Canada lowered Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price target on the stock. in a research report on Thursday, January 4th. Guggenheim reaffirmed a “buy” rating and issued a $201.00 price target on shares of Mastercard in a research report on Friday, February 2nd. Piper Jaffray increased their price target on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $164.00 price target on shares of Mastercard in a research report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $179.52.
MA opened at $169.70 on Friday. The stock has a market capitalization of $182,614.89, a PE ratio of 37.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard has a one year low of $111.01 and a one year high of $183.73.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. research analysts expect that Mastercard will post 5.93 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio is presently 21.83%.
In related news, General Counsel Timothy H. Murphy sold 30,628 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the transaction, the general counsel now owns 59,907 shares in the company, valued at approximately $10,809,619.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $173.22, for a total value of $866,100.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,578 shares of company stock worth $7,482,061 in the last 90 days. 0.30% of the stock is currently owned by company insiders.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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