BT Investment Management Ltd Takes $22.78 Million Position in Mastercard Incorporated (MA)

BT Investment Management Ltd purchased a new position in Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 187,558 shares of the credit services provider’s stock, valued at approximately $22,779,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Boys Arnold & Co. Inc. grew its position in Mastercard by 7.8% in the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after acquiring an additional 363 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Mastercard in the second quarter valued at about $2,351,000. Baldwin Investment Management LLC grew its position in Mastercard by 5.9% in the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after acquiring an additional 200 shares during the last quarter. Personal Capital Advisors Corp grew its position in Mastercard by 3.3% in the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after acquiring an additional 8,670 shares during the last quarter. Finally, IBM Retirement Fund grew its position in Mastercard by 68.8% in the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after acquiring an additional 9,397 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.themarketsdaily.com/2017/11/14/bt-investment-management-ltd-takes-22-78-million-position-in-mastercard-incorporated-ma.html.

A number of research firms have issued reports on MA. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America Corporation lifted their target price on Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, November 6th. J P Morgan Chase & Co lifted their target price on Mastercard from $152.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Nomura lifted their target price on Mastercard from $163.00 to $164.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Finally, SunTrust Banks, Inc. lifted their target price on Mastercard to $180.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. 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 company. Mastercard currently has an average rating of “Buy” and an average target price of $157.68.

Mastercard Incorporated (NYSE MA) opened at $149.69 on Tuesday. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $152.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $158,312.31, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. equities research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 20.47%.

In other news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were 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 disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock worth $3,582,984. Insiders own 0.30% of the company’s stock.

About Mastercard

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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply