Mastercard Incorporated (NYSE:MA) Shares Bought by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC grew its position in Mastercard Incorporated (NYSE:MA – Get Rating) by 32.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,087 shares of the credit services provider’s stock after acquiring an additional 268 shares during the quarter. Mastercard comprises approximately 0.0% of Hartford Funds Management Co LLC’s portfolio, making the stock its 15th biggest position. Hartford Funds Management Co LLC’s holdings in Mastercard were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Coston McIsaac & Partners acquired a new position in shares of Mastercard in the second quarter valued at approximately $25,000. Schubert & Co grew its position in Mastercard by 91.8% in the 2nd quarter. Schubert & Co now owns 94 shares of the credit services provider’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Grayhawk Investment Strategies Inc. acquired a new position in Mastercard in the 2nd quarter valued at $31,000. Urban Wealth Management LLC purchased a new position in Mastercard during the 2nd quarter worth $35,000. Finally, Bangor Savings Bank lifted its stake in shares of Mastercard by 163.5% in the 3rd quarter. Bangor Savings Bank now owns 137 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 85 shares during the period. 74.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on Mastercard from $400.00 to $392.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Wolfe Research increased their price target on shares of Mastercard from $395.00 to $415.00 in a report on Thursday, January 5th. Mizuho lowered their target price on shares of Mastercard from $385.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, November 1st. Jefferies Financial Group lifted their price target on shares of Mastercard from $370.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, January 18th. Finally, Morgan Stanley lowered their price target on Mastercard from $441.00 to $437.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $406.73.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the transaction, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Craig Vosburg sold 6,333 shares of the stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the transaction, the insider now directly owns 41,314 shares in the company, valued at $15,701,385.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $318.14, for a total value of $56,377,907.54. Following the sale, the insider now directly owns 102,211,625 shares in the company, valued at approximately $32,517,606,377.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 367,819 shares of company stock worth $117,733,271. 0.29% of the stock is owned by insiders.

Mastercard Stock Down 0.5 %

MA stock traded down $1.98 during mid-day trading on Wednesday, hitting $378.03. 778,830 shares of the company were exchanged, compared to its average volume of 3,110,821. The company has a market capitalization of $363.46 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The firm has a fifty day simple moving average of $354.99 and a 200 day simple moving average of $335.42. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 2.11. Mastercard Incorporated has a twelve month low of $276.87 and a twelve month high of $399.92.

Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The credit services provider reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.11. The firm had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.66 billion. Mastercard had a net margin of 45.22% and a return on equity of 148.94%. On average, research analysts forecast that Mastercard Incorporated will post 10.56 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 6th. This is a positive change from Mastercard’s previous quarterly dividend of $0.49. This represents a $2.28 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is currently 22.78%.

Mastercard Profile

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.