Mastercard Incorporated (NYSE:MA) Position Raised by GHP Investment Advisors Inc.
GHP Investment Advisors Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 12,815 shares of the credit services provider’s stock after buying an additional 176 shares during the period. GHP Investment Advisors Inc.’s holdings in Mastercard were worth $1,441,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd bought a new position in Mastercard during the fourth quarter worth about $27,568,000. Envestnet Asset Management Inc. increased its position in Mastercard by 4.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 366,818 shares of the credit services provider’s stock worth $37,876,000 after buying an additional 16,504 shares during the period. Gardner Lewis Asset Management L P increased its position in Mastercard by 2.2% in the fourth quarter. Gardner Lewis Asset Management L P now owns 77,526 shares of the credit services provider’s stock worth $8,005,000 after buying an additional 1,670 shares during the period. Guardian Capital LP increased its position in Mastercard by 16.6% in the fourth quarter. Guardian Capital LP now owns 112,018 shares of the credit services provider’s stock worth $11,566,000 after buying an additional 15,988 shares during the period. Finally, Atlanta Capital Management Co. L L C increased its position in Mastercard by 3.1% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 904,917 shares of the credit services provider’s stock worth $93,433,000 after buying an additional 26,865 shares during the period. Institutional investors and hedge funds own 75.74% of the company’s stock.
Shares of Mastercard Incorporated (NYSE MA) opened at 127.43 on Tuesday. The firm’s 50-day moving average is $121.69 and its 200 day moving average is $113.06. Mastercard Incorporated has a 52-week low of $90.72 and a 52-week high of $127.58. The stock has a market capitalization of $136.59 billion, a price-to-earnings ratio of 33.27 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its 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. Mastercard had a net margin of 37.79% and a return on equity of 72.95%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the firm posted $0.86 EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post $4.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.69%. Mastercard’s dividend payout ratio (DPR) is presently 22.98%.
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MA has been the topic of a number of research analyst reports. Jefferies Group LLC set a $123.00 target price on Mastercard and gave the stock a “buy” rating in a research note on Saturday, March 25th. Piper Jaffray Companies restated a “buy” rating on shares of Mastercard in a research note on Friday, April 14th. Vetr downgraded Mastercard from a “buy” rating to a “hold” rating and set a $116.99 target price on the stock. in a research note on Monday, April 17th. Zacks Investment Research downgraded Mastercard from a “hold” rating to a “sell” rating in a research note on Thursday, April 20th. Finally, Barclays PLC boosted their target price on Mastercard from $124.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $124.10.
In other news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the sale, the insider now directly owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ajay Banga sold 161,742 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $117.27, for a total transaction 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. Over the last 90 days, insiders sold 333,319 shares of company stock worth $39,751,311. Insiders own 0.30% 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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