Mycio Wealth Partners LLC continued to hold its position in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,409 shares of the credit services provider’s stock at the close of the second quarter. Mycio Wealth Partners LLC’s holdings in Mastercard were worth $271,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after purchasing an additional 1,814,116 shares during the last quarter. State Street Corp grew its holdings in Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock worth $4,212,546,000 after purchasing an additional 140,515 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock worth $1,143,636,000 after purchasing an additional 591,427 shares during the last quarter. Akre Capital Management LLC grew its holdings in Mastercard by 13.4% in the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock worth $599,373,000 after purchasing an additional 627,792 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Mastercard by 2.0% in the second quarter. Legal & General Group Plc now owns 4,608,529 shares of the credit services provider’s stock worth $559,717,000 after purchasing an additional 88,910 shares during the last quarter. 75.98% of the stock is currently owned by institutional investors and hedge funds.
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Mastercard Incorporated (MA) opened at 145.56 on Tuesday. The firm has a 50 day moving average of $142.12 and a 200-day moving average of $128.12. The firm has a market cap of $155.01 billion, a P/E ratio of 36.12 and a beta of 1.18. Mastercard Incorporated has a 12 month low of $99.51 and a 12 month high of $148.45.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post $4.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 5th. Mastercard’s payout ratio is 21.78%.
In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $129.42, for a total transaction of $11,339,521.56. Following the completion of the sale, the insider now directly owns 112,473,827 shares in the company, valued at approximately $14,556,362,690.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 554,202 shares of company stock worth $72,042,931. Insiders own 0.30% of the company’s stock.
Several equities analysts have issued reports on MA shares. Instinet reaffirmed a “buy” rating and issued a $163.00 price target (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. KeyCorp reaffirmed a “buy” rating and issued a $165.00 price target on shares of Mastercard in a report on Wednesday, October 18th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 price target (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $161.00 price target on shares of Mastercard in a report on Friday, October 13th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $158.00 price target (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $148.54.
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.
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