Legal & General Group Plc Has $508.34 Million Position in Mastercard Incorporated (MA)
Legal & General Group Plc raised its position in shares of Mastercard Incorporated (NYSE:MA) by 5.3% during the first quarter, Holdings Channel reports. The firm owned 4,519,619 shares of the credit services provider’s stock after buying an additional 228,870 shares during the period. Legal & General Group Plc’s holdings in Mastercard were worth $508,337,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Integrated Investment Consultants LLC increased its stake in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after buying an additional 650 shares during the period. Lipe & Dalton acquired a new stake in Mastercard during the first quarter worth $101,000. Kistler Tiffany Companies LLC increased its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares during the last quarter. First Bank & Trust increased its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after buying an additional 165 shares during the last quarter. Finally, Tarbox Group Inc. increased its stake in Mastercard by 323.8% in the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock worth $152,000 after buying an additional 1,033 shares during the last quarter. Hedge funds and other institutional investors own 75.76% of the company’s stock.
Mastercard Incorporated (MA) traded down 0.35% during trading on Wednesday, reaching $129.39. The company had a trading volume of 423,881 shares. Mastercard Incorporated has a 52-week low of $94.41 and a 52-week high of $132.20. The company has a 50-day moving average price of $125.68 and a 200 day moving average price of $116.78. The stock has a market cap of $137.79 billion, a PE ratio of 32.11 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the company earned $0.96 earnings per share. Mastercard’s quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post $4.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. Mastercard’s dividend payout ratio is 21.78%.
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A number of analysts have commented on MA shares. Deutsche Bank AG reiterated a “buy” rating and set a $124.00 target price on shares of Mastercard in a research report on Thursday, May 25th. Instinet boosted their target price on Mastercard from $133.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Piper Jaffray Companies reiterated a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. boosted their target price on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $128.20.
In related news, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $127.63, for a total transaction of $3,727,561.78. Following the completion of the sale, the insider now directly owns 112,649,063 shares in the company, valued at $14,377,399,910.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 762,845 shares of company stock valued at $98,241,535. 0.30% of the stock is owned by corporate insiders.
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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