TrimTabs Asset Management LLC Makes New $1.23 Million Investment in Mastercard Inc (NYSE:MA)

TrimTabs Asset Management LLC acquired a new position in shares of Mastercard Inc (NYSE:MA) during the third quarter, HoldingsChannel reports. The institutional investor acquired 4,525 shares of the credit services provider’s stock, valued at approximately $1,229,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Mastercard by 0.5% during the second quarter. Vanguard Group Inc. now owns 71,012,814 shares of the credit services provider’s stock worth $18,785,021,000 after acquiring an additional 367,442 shares during the last quarter. BlackRock Inc. grew its position in shares of Mastercard by 0.5% during the second quarter. BlackRock Inc. now owns 63,796,913 shares of the credit services provider’s stock worth $16,876,196,000 after acquiring an additional 297,230 shares during the last quarter. FMR LLC grew its position in shares of Mastercard by 1.8% during the first quarter. FMR LLC now owns 40,441,076 shares of the credit services provider’s stock worth $9,521,850,000 after acquiring an additional 720,407 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Mastercard by 12.5% during the second quarter. JPMorgan Chase & Co. now owns 13,943,219 shares of the credit services provider’s stock worth $3,640,576,000 after acquiring an additional 1,548,776 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Mastercard by 4.8% during the second quarter. Morgan Stanley now owns 13,929,653 shares of the credit services provider’s stock worth $3,684,811,000 after acquiring an additional 640,063 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

MA has been the topic of a number of research reports. Wedbush raised their target price on shares of Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. Argus raised their target price on shares of Mastercard to $320.00 and gave the stock an “average” rating in a research report on Wednesday, July 31st. Credit Suisse Group set a $292.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Deutsche Bank raised their target price on shares of Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, SunTrust Banks raised their target price on shares of Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Mastercard has an average rating of “Buy” and a consensus target price of $299.09.

In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $279.16, for a total transaction of $2,219,322.00. Following the sale, the insider now directly owns 112,173,812 shares in the company, valued at approximately $31,314,441,357.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Miebach sold 2,233 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $283.12, for a total transaction of $632,206.96. Following the sale, the insider now owns 15,548 shares in the company, valued at $4,401,949.76. The disclosure for this sale can be found here. Insiders have sold a total of 140,143 shares of company stock worth $38,535,340 over the last 90 days. Insiders own 3.70% of the company’s stock.

NYSE:MA traded up $4.99 during midday trading on Wednesday, reaching $272.06. The stock had a trading volume of 111,182 shares, compared to its average volume of 3,520,562. The firm has a fifty day simple moving average of $276.08 and a two-hundred day simple moving average of $261.83. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock has a market cap of $278.05 billion, a P/E ratio of 41.91, a P/E/G ratio of 2.27 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm posted $1.66 EPS. Mastercard’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

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

Mastercard Company 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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