Gofen & Glossberg LLC IL Raises Stake in Mastercard Inc (MA)
Gofen & Glossberg LLC IL lifted its holdings in shares of Mastercard Inc (NYSE:MA) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,619 shares of the credit services provider’s stock after purchasing an additional 997 shares during the quarter. Mastercard comprises about 1.2% of Gofen & Glossberg LLC IL’s holdings, making the stock its 21st biggest holding. Gofen & Glossberg LLC IL’s holdings in Mastercard were worth $34,865,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Mastercard during the second quarter worth about $109,000. Fort L.P. acquired a new stake in shares of Mastercard during the second quarter worth about $120,000. Carroll Financial Associates Inc. raised its holdings in Mastercard by 87.2% in the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 300 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Mastercard in the second quarter valued at approximately $131,000. Finally, Financial Gravity Wealth Inc. acquired a new stake in Mastercard in the first quarter valued at approximately $133,000. 74.36% of the stock is currently owned by institutional investors and hedge funds.
MA stock opened at $204.22 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.51 and a current ratio of 1.51. Mastercard Inc has a twelve month low of $140.61 and a twelve month high of $225.35. The company has a market cap of $231.17 billion, a price-to-earnings ratio of 44.59, a P/E/G ratio of 1.83 and a beta of 1.16.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. Mastercard’s payout ratio is currently 21.83%.
MA has been the topic of several analyst reports. Goldman Sachs Group raised shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Wells Fargo & Co raised their target price on shares of Mastercard from $211.00 to $227.00 and gave the company an “outperform” rating in a report on Thursday, July 12th. Oppenheimer raised their target price on shares of Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $202.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Finally, SunTrust Banks raised their target price on shares of Mastercard to $240.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and an average target price of $215.12.
In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now owns 128,905 shares of the company’s stock, valued at $25,826,116.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.
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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