EFG Asset Management Americas Corp. reduced its stake in shares of Mastercard Inc (NYSE:MA) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,848 shares of the credit services provider’s stock after selling 501 shares during the quarter. Mastercard accounts for approximately 2.0% of EFG Asset Management Americas Corp.’s holdings, making the stock its 11th biggest position. EFG Asset Management Americas Corp.’s holdings in Mastercard were worth $6,476,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Joseph P. Lucia & Associates LLC bought a new stake in Mastercard in the 2nd quarter valued at $26,000. Ellevest Inc. increased its holdings in Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares during the period. Howe & Rusling Inc. bought a new stake in Mastercard in the 3rd quarter valued at $29,000. Delphi Private Advisors LLC bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Finally, Evolution Wealth Advisors LLC bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 74.13% of the company’s stock.
In other Mastercard news, insider Michael Miebach sold 2,770 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the sale, the insider now owns 12,778 shares of the company’s stock, valued at approximately $3,641,730. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 7,542 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $270.00, for a total transaction of $2,036,340.00. Following the sale, the insider now directly owns 111,902,100 shares in the company, valued at approximately $30,213,567,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,190 shares of company stock worth $22,826,323. 3.70% of the stock is owned by insiders.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.14. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Inc will post 7.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, October 8th. Mastercard’s payout ratio is 20.34%.
Several brokerages have issued reports on MA. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Friday, September 13th. Argus boosted their price target on shares of Mastercard to $320.00 and gave the company an “average” rating in a report on Wednesday, July 31st. ValuEngine lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Susquehanna Bancshares boosted their price target on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Tigress Financial reissued a “buy” rating on shares of Mastercard in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average target price of $303.45.
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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