Thompson Siegel & Walmsley LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 24.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,775 shares of the credit services provider’s stock after buying an additional 353 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Mastercard were worth $216,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Boys Arnold & Co. Inc. increased its stake in shares of Mastercard by 7.8% during the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after buying an additional 363 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in shares of Mastercard during the second quarter valued at approximately $2,351,000. Baldwin Investment Management LLC increased its stake in shares of Mastercard by 5.9% during the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after buying an additional 200 shares during the period. Personal Capital Advisors Corp increased its stake in shares of Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after buying an additional 8,670 shares during the period. Finally, IBM Retirement Fund increased its stake in shares of Mastercard by 68.8% during the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after buying an additional 9,397 shares during the period. 76.09% of the stock is currently owned by hedge funds and other institutional investors.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 112,240,179 shares in the company, valued at approximately $14,517,144,751.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders sold a total of 171,035 shares of company stock valued at $22,502,109 in the last ninety days. 0.30% of the stock is currently owned by insiders.
Mastercard Incorporated (MA) opened at 148.77 on Wednesday. The stock’s 50 day moving average price is $143.83 and its 200-day moving average price is $129.54. Mastercard Incorporated has a one year low of $99.51 and a one year high of $152.00. The company has a market capitalization of $158.42 billion, a P/E ratio of 36.92 and a beta of 1.18.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post $4.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Investors 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 21.78%.
Several equities analysts have recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating and set a $165.00 target price on shares of Mastercard in a research note on Tuesday. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $150.00 price target (up from $143.00) on shares of Mastercard in a research note on Friday, September 8th. Oppenheimer Holdings, Inc. upped their price target on Mastercard and gave the stock an “outperform” rating in a research note on Tuesday, July 18th. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have given a buy rating to the stock. Mastercard has a consensus rating of “Buy” and a consensus price target of $153.01.
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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