Gulf International Bank UK Ltd Sells 2,500 Shares of MasterCard Inc. (MA)
Gulf International Bank UK Ltd reduced its position in shares of MasterCard Inc. (NYSE:MA) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 293,922 shares of the company’s stock after selling 2,500 shares during the period. Gulf International Bank UK Ltd’s holdings in MasterCard were worth $29,912,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in MasterCard by 0.7% in the second quarter. Vanguard Group Inc. now owns 59,998,942 shares of the company’s stock valued at $5,283,508,000 after buying an additional 391,517 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in MasterCard by 2.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 26,182,774 shares of the company’s stock valued at $2,305,655,000 after buying an additional 620,093 shares in the last quarter. BlackRock Fund Advisors increased its stake in MasterCard by 0.4% in the second quarter. BlackRock Fund Advisors now owns 12,865,359 shares of the company’s stock valued at $1,132,924,000 after buying an additional 57,200 shares in the last quarter. BlackRock Group LTD increased its stake in MasterCard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock valued at $883,352,000 after buying an additional 977,812 shares in the last quarter. Finally, Magellan Asset Management Ltd increased its stake in MasterCard by 1.5% in the second quarter. Magellan Asset Management Ltd now owns 7,426,022 shares of the company’s stock valued at $653,935,000 after buying an additional 106,320 shares in the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded down 1.45% during trading on Wednesday, hitting $102.31. 1,090,333 shares of the stock traded hands. The stock has a market cap of $111.48 billion, a P/E ratio of 28.29 and a beta of 1.22. The firm’s 50-day moving average is $103.70 and its 200 day moving average is $97.82. MasterCard Inc. has a 52 week low of $78.52 and a 52 week high of $108.93.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Friday, October 28th. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.74 billion. MasterCard had a return on equity of 69.11% and a net margin of 38.11%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. Equities research analysts forecast that MasterCard Inc. will post $3.75 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Monday, October 10th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 0.73%. MasterCard’s payout ratio is currently 20.99%.
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MA has been the subject of several research reports. Bank of America Corp. set a $103.00 price objective on shares of MasterCard and gave the stock a “hold” rating in a research note on Thursday, September 8th. Zacks Investment Research raised shares of MasterCard from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Thursday, November 24th. Pacific Crest set a $110.00 target price on shares of MasterCard and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Vetr cut shares of MasterCard from a “buy” rating to a “hold” rating and set a $108.31 target price on the stock. in a research report on Monday, November 21st. Finally, Guggenheim cut shares of MasterCard from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $110.88.
In other MasterCard news, insider Michael Fraccaro sold 2,514 shares of the stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $102.99, for a total transaction of $258,916.86. Following the sale, the insider now directly owns 5,687 shares in the company, valued at approximately $585,704.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Reeg sold 6,000 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $104.81, for a total value of $628,860.00. Following the sale, the insider now owns 47,501 shares in the company, valued at $4,978,579.81. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.
MasterCard Company Profile
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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