Mastercard Inc (NYSE:MA) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its position in shares of Mastercard Inc (NYSE:MA) by 8.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,804 shares of the credit services provider’s stock after selling 561 shares during the period. Signaturefd LLC’s holdings in Mastercard were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. increased its holdings in Mastercard by 0.8% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 42,324 shares of the credit services provider’s stock valued at $11,496,000 after purchasing an additional 326 shares during the last quarter. Massey Quick Simon & CO. LLC increased its holdings in Mastercard by 31.6% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 408 shares of the credit services provider’s stock valued at $111,000 after purchasing an additional 98 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in Mastercard by 0.3% in the 3rd quarter. Peregrine Capital Management LLC now owns 90,793 shares of the credit services provider’s stock valued at $24,657,000 after purchasing an additional 300 shares during the last quarter. Armstrong Henry H Associates Inc. increased its holdings in Mastercard by 0.7% in the 3rd quarter. Armstrong Henry H Associates Inc. now owns 10,191 shares of the credit services provider’s stock valued at $2,768,000 after purchasing an additional 75 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Mastercard by 10.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,866 shares of the credit services provider’s stock valued at $16,257,000 after purchasing an additional 5,503 shares during the last quarter. Institutional investors and hedge funds own 74.32% of the company’s stock.

Several analysts recently weighed in on MA shares. Wells Fargo & Co lifted their target price on shares of Mastercard from $285.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, July 10th. Citigroup lifted their target price on shares of Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. Deutsche Bank lifted their target price on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Raymond James lifted their target price on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Credit Suisse Group set a $292.00 target price on shares of Mastercard and gave the company a “buy” rating in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $299.09.

In other Mastercard news, Director Richard K. Davis purchased 1,735 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was bought at an average price of $270.09 per share, with a total value of $468,606.15. Following the transaction, the director now directly owns 6,031 shares of the company’s stock, valued at approximately $1,628,912.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $275.98, for a total transaction of $2,194,041.00. Following the completion of the transaction, the insider now directly owns 112,173,812 shares of the company’s stock, valued at approximately $30,957,728,635.76. The disclosure for this sale can be found here. Insiders sold a total of 132,193 shares of company stock valued at $36,316,018 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

MA stock traded down $0.16 during midday trading on Wednesday, hitting $278.40. The company’s stock had a trading volume of 2,350,625 shares, compared to its average volume of 3,282,816. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard Inc has a 52-week low of $171.89 and a 52-week high of $293.69. The firm has a market capitalization of $279.93 billion, a P/E ratio of 42.90, a PEG ratio of 2.29 and a beta of 1.06. The firm has a 50-day simple moving average of $275.97 and a 200-day simple moving average of $263.36.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company posted $1.66 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Inc will post 7.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 0.47%. Mastercard’s dividend payout ratio is presently 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.

Further Reading: Monthly Dividend Stocks

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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