Victory Capital Management Inc. increased its position in shares of Mastercard Inc (NYSE:MA) by 78.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 73,073 shares of the credit services provider’s stock after buying an additional 32,052 shares during the quarter. Victory Capital Management Inc.’s holdings in Mastercard were worth $16,267,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its position in Mastercard by 0.7% during the 2nd quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after purchasing an additional 452,200 shares in the last quarter. FMR LLC grew its position in Mastercard by 6.0% during the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Jennison Associates LLC grew its position in Mastercard by 4.7% during the 2nd quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock worth $2,816,136,000 after purchasing an additional 646,937 shares in the last quarter. Bank of America Corp DE grew its position in Mastercard by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 6,150,557 shares of the credit services provider’s stock worth $1,208,709,000 after purchasing an additional 269,298 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Mastercard by 8.4% during the 3rd quarter. Bank of Montreal Can now owns 3,426,290 shares of the credit services provider’s stock worth $762,726,000 after purchasing an additional 265,387 shares in the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:MA opened at $200.71 on Friday. The firm has a market cap of $204.67 billion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 1.70 and a beta of 1.22. Mastercard Inc has a 12-month low of $140.61 and a 12-month high of $225.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the previous year, the business earned $1.34 EPS. Mastercard’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts forecast that Mastercard Inc will post 6.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, October 5th. Mastercard’s payout ratio is presently 21.83%.

In other Mastercard news, Director Richard K. Davis acquired 2,475 shares of Mastercard stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average price of $196.37 per share, with a total value of $486,015.75. Following the purchase, the director now owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.

MA has been the topic of several research analyst reports. Cowen reiterated a “buy” rating and set a $207.00 price objective on shares of Mastercard in a research report on Friday, July 20th. Buckingham Research lifted their price objective on shares of Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. SunTrust Banks lifted their price objective on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Loop Capital lifted their price objective on shares of Mastercard to $232.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research reiterated a “buy” rating and set a $210.00 price objective on shares of Mastercard in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus target price of $220.32.

COPYRIGHT VIOLATION WARNING: “Mastercard Inc (MA) Position Raised by Victory Capital Management Inc.” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2018/11/16/mastercard-inc-ma-position-raised-by-victory-capital-management-inc.html.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.