Axa lessened its position in shares of Mastercard Inc (NYSE:MA) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,969 shares of the credit services provider’s stock after selling 1,205 shares during the quarter. Axa’s holdings in Mastercard were worth $105,066,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Mastercard by 0.7% in the 2nd quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after purchasing an additional 452,200 shares during the period. FMR LLC boosted its holdings in shares of Mastercard by 6.0% in the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares during the period. Jennison Associates LLC boosted its holdings in shares of Mastercard by 4.8% in the 3rd quarter. Jennison Associates LLC now owns 15,023,688 shares of the credit services provider’s stock worth $3,344,423,000 after purchasing an additional 693,667 shares during the period. Bank of America Corp DE boosted its holdings in shares of Mastercard by 4.6% in the 2nd quarter. Bank of America Corp DE now owns 6,150,557 shares of the credit services provider’s stock worth $1,208,709,000 after purchasing an additional 269,298 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Mastercard by 0.6% in the 3rd quarter. Alliancebernstein L.P. now owns 3,957,969 shares of the credit services provider’s stock worth $881,084,000 after purchasing an additional 22,656 shares during the period. Institutional investors and hedge funds own 74.52% of the company’s stock.
MA opened at $182.60 on Friday. Mastercard Inc has a 52-week low of $140.61 and a 52-week high of $225.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $193.81 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 1.61 and a beta of 1.22.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the business earned $1.34 EPS. Mastercard’s revenue was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, October 5th. Mastercard’s payout ratio is currently 21.83%.
A number of equities analysts have recently commented on the company. Royal Bank of Canada lifted their target price on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Loop Capital lifted their target price on Mastercard to $232.00 and gave the stock a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Sandler O’Neill reiterated a “hold” rating and issued a $209.00 target price on shares of Mastercard in a report on Friday, July 27th. Buckingham Research lifted their target price on Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, Wells Fargo & Co lifted their target price on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $220.82.
In other news, Director Richard K. Davis bought 2,475 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average cost of $196.37 per share, with a total value of $486,015.75. Following the transaction, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by 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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