Lenox Wealth Management Inc. lessened its stake in shares of Mastercard Inc (NYSE:MA) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,982 shares of the credit services provider’s stock after selling 56 shares during the period. Lenox Wealth Management Inc.’s holdings in Mastercard were worth $809,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Claro Advisors LLC boosted its stake in shares of Mastercard by 4.1% in the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after buying an additional 37 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its position in Mastercard by 0.5% during the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,284 shares of the credit services provider’s stock valued at $1,978,000 after purchasing an additional 37 shares in the last quarter. Bingham Osborn & Scarborough LLC lifted its position in Mastercard by 4.3% during the third quarter. Bingham Osborn & Scarborough LLC now owns 892 shares of the credit services provider’s stock valued at $242,000 after purchasing an additional 37 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Mastercard by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after purchasing an additional 38 shares in the last quarter. Finally, First Personal Financial Services lifted its position in Mastercard by 4.8% during the second quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock valued at $220,000 after purchasing an additional 38 shares in the last quarter. 74.21% of the stock is owned by institutional investors.
In other news, major shareholder Foundation Mastercard sold 15,890 shares of Mastercard stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the sale, the insider now directly owns 112,030,712 shares of the company’s stock, valued at $30,479,075,506.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard K. Davis bought 1,735 shares of Mastercard stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $270.09 per share, for a total transaction of $468,606.15. Following the completion of the acquisition, the director now directly owns 6,031 shares of the company’s stock, valued at approximately $1,628,912.79. The disclosure for this purchase can be found here. Insiders sold 99,080 shares of company stock worth $27,149,356 over the last 90 days. Company insiders own 3.70% of the company’s stock.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.14. Mastercard had a return on equity of 146.92% and a net margin of 42.50%. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Inc will post 7.69 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.33 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. Mastercard’s payout ratio is 20.34%.
MA has been the topic of several analyst reports. SunTrust Banks lifted their target price on Mastercard from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, September 13th. Guggenheim set a $305.00 target price on Mastercard and gave the company a “buy” rating in a research report on Friday, November 1st. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research report on Thursday, August 22nd. ValuEngine downgraded Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Credit Suisse Group set a $292.00 target price on Mastercard and gave the company a “buy” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and a consensus price target of $303.45.
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.
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