Mastercard Incorporated (MA) Shares Sold by ClariVest Asset Management LLC

ClariVest Asset Management LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 348,173 shares of the credit services provider’s stock after selling 46,074 shares during the quarter. Mastercard accounts for approximately 1.1% of ClariVest Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. ClariVest Asset Management LLC’s holdings in Mastercard were worth $49,162,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Massey Quick Simon & CO. LLC acquired a new stake in shares of Mastercard during the 3rd quarter valued at $102,000. Thompson Davis & CO. Inc. boosted its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mastercard during the 2nd quarter valued at $121,000. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Several research analysts recently issued reports on the company. Wells Fargo & Co reaffirmed an “outperform” rating and set a $178.00 target price (up from $167.00) on shares of Mastercard in a research report on Tuesday. Credit Suisse Group reaffirmed a “hold” rating and set a $164.00 target price on shares of Mastercard in a research report on Monday. Barclays reaffirmed a “buy” rating and set a $170.00 target price on shares of Mastercard in a research report on Friday, January 5th. Mizuho raised Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Royal Bank of Canada lowered Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price for the company. in a research report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $160.69.

Mastercard Incorporated (NYSE:MA) opened at $159.50 on Wednesday. Mastercard Incorporated has a 12-month low of $104.01 and a 12-month high of $160.48. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $168,860.00, a PE ratio of 37.18, a PEG ratio of 1.80 and a beta of 1.21.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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 firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company posted $1.08 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. research analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current year.

Mastercard announced that its Board of Directors has approved a share repurchase plan on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. Mastercard’s dividend payout ratio (DPR) is 20.51%.

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Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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