Scotia Capital Inc. trimmed its position in Mastercard Inc (NYSE:MA) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,453 shares of the credit services provider’s stock after selling 167 shares during the period. Scotia Capital Inc.’s holdings in Mastercard were worth $21,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Joseph P. Lucia & Associates LLC acquired a new position in Mastercard during the second quarter worth about $26,000. Ellis Investment Partners LLC acquired a new position in Mastercard during the first quarter worth $30,000. Evolution Wealth Advisors LLC acquired a new position in Mastercard in the second quarter valued at about $31,000. Delphi Private Advisors LLC acquired a new stake in shares of Mastercard in the second quarter valued at $31,000. Finally, Field & Main Bank acquired a new position in shares of Mastercard during the first quarter worth approximately $38,000. 74.68% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on MA shares. BMO Capital Markets set a $328.00 target price on Mastercard and gave the company a “buy” rating in a research report on Wednesday, July 31st. UBS Group upped their price objective on shares of Mastercard from $300.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Nomura upped their price target on shares of Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank boosted their price objective on Mastercard from $267.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Raymond James increased their target price on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $291.80.

Shares of MA traded down $1.93 during mid-day trading on Wednesday, reaching $270.40. 641,630 shares of the stock traded hands, compared to its average volume of 2,833,196. The company has a market cap of $277.76 billion, a price-to-earnings ratio of 41.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $293.69. The firm has a fifty day moving average price of $277.13 and a 200 day moving average price of $255.64. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. On average, sell-side analysts anticipate that Mastercard Inc will post 7.61 EPS for the current year.

In other Mastercard news, Director Richard K. Davis purchased 1,735 shares of Mastercard stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $270.09 per share, for a total transaction of $468,606.15. Following the completion of the transaction, the director now directly owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the transaction, the insider now owns 134,120 shares in the company, valued at $34,844,376. The disclosure for this sale can be found here. Insiders have sold a total of 200,307 shares of company stock valued at $54,217,743 over the last ninety days. 3.70% of the stock is currently owned by insiders.

Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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