Financial Counselors Inc. Has $822,000 Holdings in Mastercard Incorporated (MA)
Financial Counselors Inc. decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,765 shares of the credit services provider’s stock after selling 1,444 shares during the period. Financial Counselors Inc.’s holdings in Mastercard were worth $822,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of MA. Vanguard Group Inc. grew its holdings in shares of 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 shares of 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. Akre Capital Management LLC grew its holdings in shares of 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. Legal & General Group Plc grew its holdings in shares of 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. Finally, Pioneer Investment Management Inc. grew its holdings in shares of Mastercard by 3.4% in the second quarter. Pioneer Investment Management Inc. now owns 4,268,477 shares of the credit services provider’s stock worth $518,406,000 after purchasing an additional 139,939 shares during the last quarter. Institutional investors and hedge funds own 76.08% of the company’s stock.
MA has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $145.00 target price on shares of Mastercard in a report on Friday, September 8th. Nomura increased their target price on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $158.00 target price (up from $149.00) on shares of Mastercard in a report on Friday, September 8th. Citigroup Inc. increased their target price on shares of Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and increased their target price for the stock from $135.00 to $153.00 in a report on Monday, September 11th. One research 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 company. The company has a consensus rating of “Buy” and an average price target of $157.68.
In other news, major shareholder Foundation Mastercard sold 87,623 shares of Mastercard stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now owns 112,240,179 shares in the company, valued at approximately $14,517,144,751.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold a total of 112,623 shares of company stock worth $14,916,143 in the last 90 days. 0.30% of the stock is currently owned by insiders.
Mastercard Incorporated (NYSE MA) opened at $149.97 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $158,894.58, a price-to-earnings ratio of 34.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.21. Mastercard Incorporated has a fifty-two week low of $99.51 and a fifty-two week high of $152.00.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. equities research analysts forecast that Mastercard Incorporated will post 4.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is currently 20.47%.
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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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