MasterCard Inc. (MA) Position Reduced by ClariVest Asset Management LLC
ClariVest Asset Management LLC lowered its position in shares of MasterCard Inc. (NYSE:MA) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 262,677 shares of the company’s stock after selling 3,483 shares during the period. ClariVest Asset Management LLC’s holdings in MasterCard were worth $23,131,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in MasterCard during the second quarter worth $217,521,000. Carmignac Gestion increased its stake in MasterCard by 21.2% in the second quarter. Carmignac Gestion now owns 5,993,989 shares of the company’s stock worth $527,831,000 after buying an additional 1,047,867 shares in the last quarter. Findlay Park Partners LLP increased its stake in MasterCard by 94.7% in the first quarter. Findlay Park Partners LLP now owns 1,850,000 shares of the company’s stock worth $174,825,000 after buying an additional 900,000 shares in the last quarter. Bristol John W & Co. Inc. NY purchased a new stake in MasterCard during the second quarter worth $62,970,000. Finally, Credit Agricole S A increased its stake in MasterCard by 144.1% in the first quarter. Credit Agricole S A now owns 971,323 shares of the company’s stock worth $91,790,000 after buying an additional 573,334 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.
MasterCard Inc. (NYSE:MA) traded down 0.67% on Friday, reaching $102.25. The company’s stock had a trading volume of 4,225,571 shares. The stock has a market cap of $112.24 billion, a P/E ratio of 29.99 and a beta of 1.19. The stock has a 50-day moving average of $99.14 and a 200-day moving average of $95.68. MasterCard Inc. has a one year low of $78.52 and a one year high of $103.49.
MasterCard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. On average, analysts predict that MasterCard Inc. will post $3.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Shareholders of record on Monday, October 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, October 5th. MasterCard’s dividend payout ratio is 22.35%.
A number of analysts have weighed in on MA shares. Jefferies Group reissued a “buy” rating on shares of MasterCard in a research report on Thursday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price objective on shares of MasterCard in a research report on Saturday, July 2nd. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, September 28th. Robert W. Baird reaffirmed an “outperform” rating and set a $115.00 price objective on shares of MasterCard in a research report on Monday, July 25th. Finally, Vetr downgraded shares of MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective for the company. in a research report on Monday. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $109.71.
In other MasterCard news, insider Ann Cairns sold 26,630 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $101.79, for a total value of $2,710,667.70. Following the completion of the sale, the insider now owns 58,721 shares in the company, valued at $5,977,210.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 84,000 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $92.64, for a total value of $7,781,760.00. Following the completion of the sale, the insider now owns 115,064,971 shares of the company’s stock, valued at approximately $10,659,618,913.44. The disclosure for this sale can be found here. 3.14% of the stock is owned by company insiders.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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