Advisory Services Network LLC Buys 5,301 Shares of MasterCard Inc. (MA)
Advisory Services Network LLC increased its stake in shares of MasterCard Inc. (NYSE:MA) by 37.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,471 shares of the company’s stock after buying an additional 5,301 shares during the period. Advisory Services Network LLC’s holdings in MasterCard were worth $1,715,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC bought a new stake in MasterCard during the first quarter valued at $106,000. Seven Bridges Advisors LLC bought a new stake in MasterCard during the second quarter valued at $109,000. First New York Securities LLC NY boosted its stake in MasterCard by 2,450.0% in the second quarter. First New York Securities LLC NY now owns 1,530 shares of the company’s stock valued at $135,000 after buying an additional 1,470 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in MasterCard during the second quarter valued at $155,000. Finally, Hartford Financial Management Inc. boosted its stake in MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock valued at $193,000 after buying an additional 950 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 1.36% on Wednesday, hitting $102.40. 3,768,727 shares of the stock traded hands. The company has a market capitalization of $112.41 billion, a PE ratio of 30.04 and a beta of 1.19. The firm has a 50-day moving average price of $98.83 and a 200-day moving average price of $95.58. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $102.67.
MasterCard (NYSE:MA) last posted its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Analysts forecast that MasterCard Inc. will post $3.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, October 5th. MasterCard’s dividend payout ratio (DPR) is 22.35%.
Several analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of MasterCard in a research report on Tuesday, July 19th. BMO Capital Markets restated an “outperform” rating and set a $128.00 price objective (up previously from $120.00) on shares of MasterCard in a research report on Friday, July 29th. Sanford C. Bernstein restated an “outperform” rating and set a $110.00 price objective on shares of MasterCard in a research report on Saturday, July 2nd. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $118.00 target price on shares of MasterCard in a research report on Monday, July 18th. Finally, Vetr upgraded shares of MasterCard from a “hold” rating to a “buy” rating and set a $98.52 target price on the stock in a research report on Monday, June 13th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. MasterCard presently has an average rating of “Buy” and an average price target of $109.71.
In other news, CFO Martina Hundmejean sold 94,345 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $96.82, for a total value of $9,134,482.90. Following the sale, the chief financial officer now directly owns 214,968 shares in the company, valued at approximately $20,813,201.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $96.78, for a total transaction of $8,129,520.00. Following the completion of the sale, the insider now owns 114,728,971 shares in the company, valued at $11,103,469,813.38. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.
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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