Intellectus Partners LLC Has $298,000 Stake in Mastercard Incorporated (MA)
Intellectus Partners LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,454 shares of the credit services provider’s stock after acquiring an additional 76 shares during the quarter. Intellectus Partners LLC’s holdings in Mastercard were worth $298,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Mastercard by 289.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after purchasing an additional 2,654,308 shares during the last quarter. Vanguard Group Inc. increased its stake 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 valued at $7,176,378,000 after purchasing an additional 1,814,116 shares during the last quarter. Capital Research Global Investors increased its stake in Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in Mastercard by 22,644.6% in the first quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after purchasing an additional 1,677,737 shares during the last quarter. 75.81% of the stock is owned by institutional investors.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $3,582,984 in the last ninety days. Company insiders own 0.30% of the company’s stock.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. sell-side analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
Mastercard announced that its Board of Directors has authorized a stock buyback program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a $0.25 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. Mastercard’s dividend payout ratio is presently 20.47%.
Several equities analysts recently commented on the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $150.00 target price (up from $143.00) on shares of Mastercard in a research note on Friday, September 8th. Vetr upgraded Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 target price for the company in a research note on Tuesday. Cowen reiterated a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Bank of America upped their target price on Mastercard from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Mastercard currently has an average rating of “Buy” and a consensus price target of $159.22.
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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