Signature Financial Management Inc. Decreases Stake in Mastercard Incorporated (NYSE:MA)
Signature Financial Management Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 23,352 shares of the credit services provider’s stock after selling 318 shares during the period. Mastercard accounts for 0.8% of Signature Financial Management Inc.’s investment portfolio, making the stock its 24th largest position. Signature Financial Management Inc.’s holdings in Mastercard were worth $2,626,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Fiera Capital Corp boosted its position in shares of Mastercard by 11.9% in the fourth quarter. Fiera Capital Corp now owns 3,386,776 shares of the credit services provider’s stock valued at $349,685,000 after buying an additional 359,876 shares during the last quarter. First Republic Investment Management Inc. boosted its position in shares of Mastercard by 7.8% in the fourth quarter. First Republic Investment Management Inc. now owns 99,404 shares of the credit services provider’s stock valued at $10,264,000 after buying an additional 7,183 shares during the last quarter. GSA Capital Partners LLP boosted its position in shares of Mastercard by 1,165.6% in the fourth quarter. GSA Capital Partners LLP now owns 45,106 shares of the credit services provider’s stock valued at $4,657,000 after buying an additional 41,542 shares during the last quarter. Girard Securities Inc. bought a new position in shares of Mastercard during the fourth quarter valued at about $201,000. Finally, A.R.T. Advisors LLC boosted its position in shares of Mastercard by 755.8% in the fourth quarter. A.R.T. Advisors LLC now owns 36,800 shares of the credit services provider’s stock valued at $3,799,000 after buying an additional 32,500 shares during the last quarter. Institutional investors and hedge funds own 75.74% of the company’s stock.
Mastercard Incorporated (NYSE:MA) opened at 127.01 on Monday. The firm has a 50 day moving average price of $121.69 and a 200 day moving average price of $113.06. Mastercard Incorporated has a 52 week low of $90.72 and a 52 week high of $127.53. The stock has a market capitalization of $136.14 billion, a P/E ratio of 33.16 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. Equities research analysts predict that Mastercard Incorporated will post $4.31 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Wednesday, July 5th. Mastercard’s payout ratio is 22.98%.
Several equities analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $129.00 price objective (up previously from $126.00) on shares of Mastercard in a research note on Tuesday, June 6th. BidaskClub upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Mizuho assumed coverage on Mastercard in a research note on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price objective for the company. Deutsche Bank AG reiterated a “buy” rating and issued a $150.00 price objective (up previously from $124.00) on shares of Mastercard in a research note on Monday, July 10th. Finally, Citigroup Inc. lifted their price objective on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $124.10.
In related news, insider Gary J. Flood sold 83,959 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 78,819 shares in the company, valued at approximately $9,098,077.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ajay Banga sold 161,742 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $117.27, for a total value of $18,967,484.34. Following the completion of the sale, the chief executive officer now owns 333,495 shares in the company, valued at $39,108,958.65. The disclosure for this sale can be found here. 0.30% of the stock is currently 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, 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.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.