Mastercard Incorporated (MA) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can increased its position in Mastercard Incorporated (NYSE:MA) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,052,656 shares of the credit services provider’s stock after purchasing an additional 87,773 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.10% of Mastercard worth $127,724,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MA. American Beacon Advisors Inc. bought a new position in Mastercard in the first quarter worth approximately $100,000. Lipe & Dalton bought a new position in Mastercard in the first quarter worth approximately $101,000. Proficio Capital Partners LLC grew its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares in the last quarter. Kistler Tiffany Companies LLC grew its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after purchasing an additional 100 shares in the last quarter. Finally, Norway Savings Bank grew its stake in Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after purchasing an additional 10 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on MA. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $145.00 price objective on shares of Mastercard in a research note on Friday, September 8th. KeyCorp reissued a “buy” rating and issued a $150.00 price objective on shares of Mastercard in a research note on Thursday, September 7th. Barclays PLC increased their price objective on Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Cowen and Company reissued a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research note on Friday, September 8th. Finally, Credit Suisse Group increased their price objective on Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Mastercard has an average rating of “Buy” and an average price target of $137.38.

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In related news, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 850,468 shares of company stock valued at $109,574,694. Corporate insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (NYSE MA) opened at 142.42 on Wednesday. The stock has a market cap of $151.66 billion, a price-to-earnings ratio of 35.34 and a beta of 1.18. Mastercard Incorporated has a one year low of $98.38 and a one year high of $143.52. The stock’s 50 day moving average price is $131.84 and its 200 day moving average price is $121.37.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. Analysts forecast that Mastercard Incorporated will post $4.43 earnings per share for the current year.

Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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