Point72 Asset Management L.P. Has $28.54 Million Position in Mastercard Inc (MA)
Point72 Asset Management L.P. lowered its stake in shares of Mastercard Inc (NYSE:MA) by 74.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,200 shares of the credit services provider’s stock after selling 425,215 shares during the quarter. Point72 Asset Management L.P.’s holdings in Mastercard were worth $28,535,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Mastercard during the second quarter worth $109,000. Fort L.P. bought a new stake in Mastercard during the second quarter worth $120,000. Carroll Financial Associates Inc. lifted its stake in Mastercard by 87.2% during the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares during the last quarter. Financial Gravity Wealth Inc. bought a new stake in Mastercard during the first quarter worth $133,000. Finally, Squar Milner Financial Services LLC bought a new stake in Mastercard during the second quarter worth $198,000. 74.33% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the company. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday. Royal Bank of Canada upped their target price on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Raymond James assumed coverage on Mastercard in a research note on Tuesday, July 24th. They set an “outperform” rating and a $244.00 target price for the company. Wells Fargo & Co upped their target price on Mastercard from $211.00 to $227.00 and gave the stock an “outperform” rating in a research note on Thursday, July 12th. Finally, Loop Capital upped their target price on Mastercard to $232.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $208.56.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. Mastercard’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. analysts expect that Mastercard Inc will post 6.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio is currently 21.83%.
In related news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the transaction, the chief financial officer now directly owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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