Mastercard Incorporated (MA) Shares Sold by Smith Asset Management Group LP
Smith Asset Management Group LP reduced its position in Mastercard Incorporated (NYSE:MA) by 5.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,221 shares of the credit services provider’s stock after selling 9,340 shares during the period. Smith Asset Management Group LP’s holdings in Mastercard were worth $18,583,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Mastercard by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,257,977 shares of the credit services provider’s stock worth $233,147,000 after buying an additional 75,884 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Mastercard by 4.3% in the fourth quarter. Private Advisor Group LLC now owns 41,029 shares of the credit services provider’s stock worth $4,418,000 after buying an additional 1,700 shares in the last quarter. JT Stratford LLC bought a new position in shares of Mastercard during the fourth quarter worth $2,519,000. Honkamp Krueger Financial Services Inc. ADV bought a new position in shares of Mastercard during the fourth quarter worth $313,000. Finally, Analyst IMS Investment Management Services Ltd. raised its position in shares of Mastercard by 6.3% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 9,422 shares of the credit services provider’s stock worth $973,000 after buying an additional 555 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.
Mastercard Incorporated (NYSE MA) opened at 123.52 on Tuesday. Mastercard Incorporated has a 1-year low of $86.65 and a 1-year high of $126.19. The company has a 50-day moving average of $120.47 and a 200 day moving average of $112.20. The stock has a market cap of $132.40 billion, a P/E ratio of 32.25 and a beta of 1.17.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. Analysts predict that Mastercard Incorporated will post $4.31 EPS for the current year.
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A number of brokerages recently weighed in on MA. Royal Bank Of Canada restated a “top pick” rating and set a $130.00 target price on shares of Mastercard in a research report on Friday, June 16th. Jefferies Group LLC set a $123.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research report on Saturday, March 25th. Cowen and Company restated an “outperform” rating and set a $122.00 target price on shares of Mastercard in a research report on Monday, March 6th. Vetr lowered shares of Mastercard from a “buy” rating to a “hold” rating and set a $116.99 target price for the company. in a research report on Monday, April 24th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $123.00 target price on shares of Mastercard in a research report on Saturday, March 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $121.92.
In other news, insider Gary J. Flood sold 83,959 shares of Mastercard stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $115.43, for a total value of $9,691,387.37. Following the transaction, the insider now directly owns 78,819 shares of the company’s stock, valued at approximately $9,098,077.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $112.24, for a total value of $561,200.00. Following the completion of the transaction, the director now directly owns 49,313 shares in the company, valued at $5,534,891.12. The disclosure for this sale can be found here. Insiders sold a total of 274,829 shares of company stock worth $31,928,440 over the last ninety days. Corporate 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, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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