Twin Capital Management Inc. Trims Stock Position in Mastercard Inc (NYSE:MA)

Twin Capital Management Inc. reduced its stake in shares of Mastercard Inc (NYSE:MA) by 30.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,006 shares of the credit services provider’s stock after selling 27,954 shares during the quarter. Mastercard makes up about 1.2% of Twin Capital Management Inc.’s holdings, making the stock its 16th biggest holding. Twin Capital Management Inc.’s holdings in Mastercard were worth $16,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MA. Claro Advisors LLC grew its position in shares of Mastercard by 4.1% in the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after buying an additional 37 shares during the period. Quadrant Capital Group LLC grew its position in shares of Mastercard by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock worth $3,989,000 after buying an additional 38 shares during the period. First Personal Financial Services grew its position in shares of Mastercard by 4.8% in the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock worth $220,000 after buying an additional 38 shares during the period. Claraphi Advisory Network LLC grew its position in shares of Mastercard by 1.1% in the 2nd quarter. Claraphi Advisory Network LLC now owns 3,669 shares of the credit services provider’s stock worth $970,000 after buying an additional 40 shares during the period. Finally, Elefante Mark B grew its position in shares of Mastercard by 0.9% in the 2nd quarter. Elefante Mark B now owns 4,582 shares of the credit services provider’s stock worth $1,212,000 after buying an additional 42 shares during the period. 74.25% of the stock is currently owned by institutional investors and hedge funds.

MA stock traded up $4.66 during trading on Thursday, hitting $271.81. 1,844,004 shares of the stock traded hands, compared to its average volume of 3,683,371. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $283.33. The stock has a 50 day simple moving average of $273.39. The stock has a market capitalization of $273.92 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm posted $1.66 EPS. Mastercard’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio is currently 20.34%.

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Mastercard from $269.00 to $291.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Barclays upped their target price on shares of Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Citigroup set a $317.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research report on Friday, July 19th. BMO Capital Markets set a $328.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Nomura increased their price objective on shares of Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and a consensus target price of $291.80.

In other Mastercard news, insider Michael Miebach sold 2,233 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $283.12, for a total transaction of $632,206.96. Following the transaction, the insider now owns 15,548 shares in the company, valued at approximately $4,401,949.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the transaction, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. Insiders have sold a total of 201,511 shares of company stock worth $54,471,508 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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