Huber Capital Management LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,150 shares of the credit services provider’s stock after selling 900 shares during the period. Huber Capital Management LLC’s holdings in Mastercard were worth $1,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MA. Glassman Wealth Services boosted its holdings in Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 6 shares during the period. Proficio Capital Partners LLC raised its position in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after buying an additional 12 shares in the last quarter. Concert Wealth Management Inc. raised its position in shares of Mastercard by 0.3% in the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after buying an additional 18 shares in the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after buying an additional 18 shares in the last quarter. Finally, First Interstate Bank raised its position in shares of Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after buying an additional 23 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Mastercard Incorporated (MA) opened at $151.25 on Friday. The stock has a market cap of $160,122.63, a price-to-earnings ratio of 35.09, a P/E/G ratio of 2.02 and a beta of 1.21. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $152.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. analysts predict that Mastercard Incorporated will post 4.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Friday, October 6th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 annualized dividend and a yield of 0.58%. Mastercard’s payout ratio is 20.47%.

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In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $3,582,984. Corporate insiders own 0.30% of the company’s stock.

Several equities analysts have recently commented on MA shares. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $145.00 target price on shares of Mastercard in a research report on Friday, September 8th. Nomura upped their price objective on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research report on Friday, September 8th. Cowen Inc reiterated a “buy” rating and set a $137.00 price objective on shares of Mastercard in a research report on Friday, September 8th. KeyCorp reiterated a “buy” rating and set a $150.00 price objective on shares of Mastercard in a research report on Thursday, September 7th. Finally, Wedbush reiterated a “buy” rating and set a $140.00 price objective (up from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average price target of $157.68.

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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