Greystone Investment Management LLC Has $5,117,000 Position in MasterCard Inc. (MA)
Greystone Investment Management LLC continued to hold its position in MasterCard Inc. (NYSE:MA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,110 shares of the company’s stock at the end of the second quarter. MasterCard makes up 2.3% of Greystone Investment Management LLC’s investment portfolio, making the stock its 20th largest position. Greystone Investment Management LLC’s holdings in MasterCard were worth $5,117,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. First Niagara Bank boosted its stake in MasterCard by 1.4% in the second quarter. First Niagara Bank now owns 2,543 shares of the company’s stock valued at $224,000 after buying an additional 35 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in MasterCard by 0.3% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,696 shares of the company’s stock worth $1,389,000 after buying an additional 40 shares during the last quarter. Trust Co. of Toledo NA OH boosted its position in MasterCard by 1.5% in the second quarter. Trust Co. of Toledo NA OH now owns 3,350 shares of the company’s stock worth $295,000 after buying an additional 50 shares during the last quarter. Wagner Bowman Management Corp boosted its position in MasterCard by 0.9% in the second quarter. Wagner Bowman Management Corp now owns 5,915 shares of the company’s stock worth $520,000 after buying an additional 50 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. boosted its position in MasterCard by 1.2% in the second quarter. Pineno Levin & Ford Asset Management Inc. now owns 7,235 shares of the company’s stock worth $637,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded up 0.11% during trading on Monday, hitting $101.88. The stock had a trading volume of 3,696,666 shares. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $102.38. The firm has a 50 day moving average price of $98.60 and a 200 day moving average price of $95.52. The firm has a market cap of $111.84 billion, a P/E ratio of 29.89 and a beta of 1.18.
MasterCard (NYSE:MA) last issued its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. The company earned $2.70 billion during the quarter, compared to analyst estimates of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, equities analysts expect that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 dividend on an annualized basis and a yield of 0.75%. MasterCard’s dividend payout ratio (DPR) is 22.35%.
A number of research analysts have recently commented on MA shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a $108.00 target price on shares of MasterCard in a research note on Monday, June 6th. Vetr upgraded MasterCard from a “hold” rating to a “buy” rating and set a $98.52 target price for the company in a research note on Monday, June 13th. Wells Fargo & Co. restated a “market perform” rating and issued a $105.00 target price on shares of MasterCard in a research note on Wednesday, June 15th. Robert W. Baird restated a “buy” rating on shares of MasterCard in a research note on Wednesday, June 15th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 target price on shares of MasterCard in a research note on Saturday, July 2nd. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. MasterCard presently has an average rating of “Buy” and an average price target of $109.71.
In related news, Director Silvio Barzi sold 9,600 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total value of $926,112.00. Following the completion of the transaction, the director now owns 16,391 shares in the company, valued at approximately $1,581,239.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $91.17, for a total value of $7,658,280.00. Following the completion of the transaction, the insider now owns 115,148,971 shares of the company’s stock, valued at approximately $10,498,131,686.07. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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