Evolution Wealth Advisors LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 37.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199 shares of the credit services provider’s stock after purchasing an additional 54 shares during the period. Evolution Wealth Advisors LLC’s holdings in Mastercard were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in MA. Nordea Investment Management AB increased its stake in shares of Mastercard by 146.6% during the second quarter. Nordea Investment Management AB now owns 4,398,140 shares of the credit services provider’s stock worth $1,287,820,000 after purchasing an additional 2,614,737 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Mastercard during the first quarter worth about $53,522,000. Capital International Investors increased its stake in shares of Mastercard by 44.2% during the first quarter. Capital International Investors now owns 3,431,966 shares of the credit services provider’s stock worth $829,028,000 after purchasing an additional 1,052,440 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Mastercard by 6.0% during the second quarter. Bank of New York Mellon Corp now owns 13,617,293 shares of the credit services provider’s stock worth $4,026,634,000 after purchasing an additional 767,923 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Mastercard by 9.4% during the second quarter. Fisher Asset Management LLC now owns 3,895,062 shares of the credit services provider’s stock worth $1,151,770,000 after purchasing an additional 335,057 shares in the last quarter. 73.72% of the stock is owned by institutional investors and hedge funds.
In other Mastercard news, Director Richard Haythornthwaite sold 6,583 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $328.87, for a total value of $2,164,951.21. Following the sale, the director now directly owns 27,432 shares of the company’s stock, valued at approximately $9,021,561.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Fraccaro sold 3,458 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $350.00, for a total transaction of $1,210,300.00. Following the completion of the sale, the insider now directly owns 5,147 shares in the company, valued at $1,801,450. The disclosure for this sale can be found here. Over the last three months, insiders sold 263,465 shares of company stock worth $83,297,010. Insiders own 3.79% of the company’s stock.
Mastercard stock opened at $339.40 on Friday. The firm has a market cap of $339.76 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Mastercard Incorporated has a 52-week low of $199.99 and a 52-week high of $367.25. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.92. The company’s 50 day moving average is $341.23 and its two-hundred day moving average is $305.61.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.21. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm’s quarterly revenue was down 19.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.89 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 6.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.
MA has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $371.00 to $380.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Oppenheimer assumed coverage on shares of Mastercard in a research note on Friday, July 31st. They set a “hold” rating for the company. 140166 upped their price objective on shares of Mastercard from $360.00 to $395.00 and gave the company a “positive” rating in a research note on Thursday, September 10th. Goldman Sachs Group assumed coverage on shares of Mastercard in a research note on Tuesday, July 14th. They set a “buy” rating and a $364.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $315.00 to $369.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Five analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $347.81.
Mastercard Company 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.
Featured Article: dividend yield calculator
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.