Icon Advisers Inc. Co. reduced its stake in Mastercard Incorporated (NYSE:MA) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,100 shares of the credit services provider’s stock after selling 4,500 shares during the quarter. Mastercard comprises 1.0% of Icon Advisers Inc. Co.’s holdings, making the stock its 16th largest position. Icon Advisers Inc. Co.’s holdings in Mastercard were worth $13,979,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. lifted its stake in Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. American Beacon Advisors Inc. bought a new position in Mastercard during the first quarter worth $100,000. Proficio Capital Partners LLC raised its stake in Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares during the last quarter. Finally, Norway Savings Bank raised its stake in Mastercard by 1.1% during the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after buying an additional 10 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
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A number of brokerages recently weighed in on MA. Cowen and Company reissued an “outperform” rating and set a $137.00 target price (up previously from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. Cantor Fitzgerald began coverage on shares of Mastercard in a research note on Thursday, September 28th. They set an “overweight” rating and a $165.00 target price for the company. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Loop Capital raised their price target on shares of Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $157.68.
In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the sale, the insider now owns 40,646 shares in the company, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 over the last three months. 0.30% of the stock is currently owned by insiders.
Mastercard Incorporated (NYSE MA) traded up $2.76 during trading hours on Tuesday, reaching $152.32. 660,102 shares of the company were exchanged, compared to its average volume of 3,148,049. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 52 week low of $99.51 and a 52 week high of $152.00. The company has a market cap of $158,330.00, a price-to-earnings ratio of 34.58, a P/E/G ratio of 1.99 and a beta of 1.22.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. research analysts predict that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 6th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is 20.51%.
Mastercard Company 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.
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