Mastercard Incorporated (MA) Position Increased by NEXT Financial Group Inc
NEXT Financial Group Inc increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,543 shares of the credit services provider’s stock after buying an additional 101 shares during the period. NEXT Financial Group Inc’s holdings in Mastercard were worth $673,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after buying an additional 1,814,116 shares during the period. State Street Corp boosted its holdings in shares of Mastercard by 0.4% during the 1st quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after buying an additional 140,515 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Mastercard by 6.2% during the 1st quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock worth $1,143,636,000 after buying an additional 591,427 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Mastercard by 1.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock worth $945,834,000 after buying an additional 114,900 shares during the period. Finally, Akre Capital Management LLC boosted its holdings in shares of Mastercard by 13.4% during the 1st quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock worth $599,373,000 after buying an additional 627,792 shares during the period. 76.04% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Foundation Mastercard sold 87,623 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82. Following the completion of the transaction, the insider now owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by insiders.
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A number of analysts have weighed in on MA shares. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday. Royal Bank Of Canada reissued a “buy” rating and issued a $156.00 price target on shares of Mastercard in a report on Friday. Cowen and Company reissued an “outperform” rating and issued a $137.00 price target (up from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BidaskClub downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Loop Capital increased their price target on shares of Mastercard from $132.00 to $144.00 and gave the company a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $141.47.
Shares of Mastercard Incorporated (MA) traded up 0.12% during midday trading on Friday, hitting $141.89. 1,860,351 shares of the company were exchanged. The company has a market capitalization of $151.10 billion, a P/E ratio of 35.21 and a beta of 1.18. Mastercard Incorporated has a one year low of $99.51 and a one year high of $143.59. The company has a 50-day moving average of $133.90 and a 200 day moving average of $122.61.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post $4.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
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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