Standard Life Investments LTD lifted its stake in Mastercard Incorporated (NYSE:MA) by 41.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,449,394 shares of the credit services provider’s stock after buying an additional 714,843 shares during the period. Standard Life Investments LTD owned about 0.23% of Mastercard worth $297,490,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares in the last quarter. State Street Corp increased its holdings in Mastercard by 0.4% during the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after purchasing an additional 140,515 shares in the last quarter. Akre Capital Management LLC increased its holdings in Mastercard by 13.4% during the 1st quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock valued at $599,373,000 after purchasing an additional 627,792 shares in the last quarter. Legal & General Group Plc increased its holdings in Mastercard by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 4,608,529 shares of the credit services provider’s stock valued at $559,717,000 after purchasing an additional 88,910 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in Mastercard by 20.1% during the 2nd quarter. Fiera Capital Corp now owns 4,368,032 shares of the credit services provider’s stock valued at $530,497,000 after purchasing an additional 730,970 shares in the last quarter. 76.08% of the stock is owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE:MA) opened at $149.54 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $158,312.31, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. Mastercard Incorporated has a twelve month low of $99.51 and a twelve month high of $152.00.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. equities analysts predict that Mastercard Incorporated will post 4.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were issued a dividend of $0.22 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio is presently 20.47%.
A number of research firms recently weighed in on MA. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $150.00 price target (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. Bank of America Corporation raised their price target on Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, November 6th. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday. Cowen and Company reaffirmed an “outperform” rating and set a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Finally, Oppenheimer Holdings, Inc. raised their price target on Mastercard and gave the company an “outperform” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Mastercard has an average rating of “Buy” and a consensus target price of $157.68.
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In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,582,984 in the last three months. Company insiders own 0.30% of the company’s stock.
Mastercard Company 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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