Mastercard Incorporated (MA) Stake Lifted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,990 shares of the credit services provider’s stock after purchasing an additional 2,474 shares during the quarter. Mastercard accounts for 1.7% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 6th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Mastercard were worth $11,779,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares in the last quarter. State Street Corp lifted its holdings in shares of Mastercard by 0.4% during the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after purchasing an additional 140,515 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Mastercard by 6.2% during the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock valued at $1,143,636,000 after purchasing an additional 591,427 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Mastercard by 1.4% during the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock valued at $945,834,000 after purchasing an additional 114,900 shares in the last quarter. Finally, Akre Capital Management LLC lifted its holdings in shares of Mastercard by 13.4% during the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock valued at $599,373,000 after purchasing an additional 627,792 shares in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $130.00 price target on shares of Mastercard in a report on Friday, June 16th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $150.00 price target (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Morgan Stanley upped their price target on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and a consensus target price of $138.43.

In related news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $127.98, for a total value of $11,213,351.64. Following the completion of the transaction, the insider now owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was 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 three months, insiders sold 850,468 shares of company stock valued at $109,574,694. Insiders own 0.30% of the company’s stock.

Shares of Mastercard Incorporated (MA) opened at 141.58 on Friday. The company’s 50 day moving average price is $133.09 and its 200 day moving average price is $122.02. Mastercard Incorporated has a 52-week low of $99.42 and a 52-week high of $143.52. The stock has a market cap of $150.77 billion, a PE ratio of 35.13 and a beta of 1.18.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. On average, analysts anticipate that Mastercard Incorporated will post $4.43 earnings per share for the current year.

Mastercard 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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