MasterCard Inc. (MA) Position Reduced by ClariVest Asset Management LLC
ClariVest Asset Management LLC reduced its position in MasterCard Inc. (NYSE:MA) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 262,677 shares of the company’s stock after selling 3,483 shares during the period. ClariVest Asset Management LLC’s holdings in MasterCard were worth $23,131,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Virginia Retirement System bought a new stake in shares of MasterCard during the first quarter worth approximately $11,043,000. BTC Capital Management Inc. boosted its stake in MasterCard by 8.8% in the first quarter. BTC Capital Management Inc. now owns 52,935 shares of the company’s stock valued at $5,006,000 after buying an additional 4,285 shares in the last quarter. Dynamic Advisors Solutions LLC boosted its stake in MasterCard by 2.8% in the first quarter. Dynamic Advisors Solutions LLC now owns 9,487 shares of the company’s stock valued at $896,000 after buying an additional 256 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in MasterCard by 76.4% in the first quarter. Mondrian Investment Partners LTD now owns 896,871 shares of the company’s stock valued at $84,754,000 after buying an additional 388,575 shares in the last quarter. Finally, Exane Derivatives boosted its stake in MasterCard by 38.3% in the first quarter. Exane Derivatives now owns 6,459 shares of the company’s stock valued at $610,000 after buying an additional 1,788 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded down 0.67% on Friday, reaching $102.25. The company had a trading volume of 4,225,571 shares. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $103.49. The firm has a market capitalization of $112.24 billion, a PE ratio of 29.99 and a beta of 1.19. The firm’s 50 day moving average is $99.14 and its 200 day moving average is $95.68.
MasterCard (NYSE:MA) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts expect that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio is presently 22.35%.
MA has been the subject of several research analyst reports. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 target price on shares of MasterCard in a research report on Saturday, July 2nd. Zacks Investment Research upgraded MasterCard from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, September 28th. Robert W. Baird reiterated an “outperform” rating and set a $115.00 target price on shares of MasterCard in a research report on Monday, July 25th. Finally, Vetr cut MasterCard from a “buy” rating to a “hold” rating and set a $105.86 target price for the company. in a research report on Monday. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $109.71.
In other MasterCard news, insider Ann Cairns sold 26,630 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total transaction of $2,710,667.70. Following the transaction, the insider now directly owns 58,721 shares in the company, valued at $5,977,210.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 84,000 shares of the company’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $92.64, for a total value of $7,781,760.00. Following the transaction, the insider now owns 115,064,971 shares in the company, valued at $10,659,618,913.44. 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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasterCard Inc. (NYSE:MA).
Receive News & Ratings for MasterCard Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCard Inc. and related companies with MarketBeat.com's FREE daily email newsletter.