BTIM Corp. Acquires 450 Shares of MasterCard Inc. (MA)
BTIM Corp. raised its stake in MasterCard Inc. (NYSE:MA) by 15.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,450 shares of the company’s stock after buying an additional 450 shares during the period. BTIM Corp.’s holdings in MasterCard were worth $304,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Asset Management Inc. boosted its stake in MasterCard by 21.8% in the first quarter. Vontobel Asset Management Inc. now owns 6,161,209 shares of the company’s stock worth $600,680,000 after buying an additional 1,101,307 shares in the last quarter. BLB&B Advisors LLC purchased a new stake in MasterCard during the first quarter worth $305,000. Iberiabank Corp boosted its stake in MasterCard by 48.1% in the first quarter. Iberiabank Corp now owns 5,992 shares of the company’s stock worth $566,000 after buying an additional 1,947 shares in the last quarter. Quotient Investors LLC boosted its stake in MasterCard by 46.3% in the first quarter. Quotient Investors LLC now owns 24,684 shares of the company’s stock worth $2,333,000 after buying an additional 7,812 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in MasterCard by 6.1% in the first quarter. Berkshire Asset Management LLC PA now owns 4,850 shares of the company’s stock worth $458,000 after buying an additional 280 shares in the last quarter. Institutional investors own 75.25% of the company’s stock.
Shares of MasterCard Inc. (NYSE:MA) traded up 0.40% during mid-day trading on Monday, reaching $99.76. 1,251,600 shares of the company traded hands. The stock has a market capitalization of $109.51 billion, a price-to-earnings ratio of 29.26 and a beta of 1.15. MasterCard Inc. has a 52-week low of $78.52 and a 52-week high of $101.76. The company’s 50 day moving average is $96.54 and its 200 day moving average is $94.31.
MasterCard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts forecast that MasterCard Inc. will post $3.63 earnings per share for the current year.
A number of research firms recently commented on MA. Jefferies Group reiterated a “buy” rating on shares of MasterCard in a research note on Friday, August 12th. Nomura lifted their target price on shares of MasterCard from $109.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Barclays PLC lifted their target price on shares of MasterCard from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, September 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $108.00 target price on shares of MasterCard in a research note on Monday, June 6th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of MasterCard in a research note on Tuesday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $109.15.
In other news, Director Silvio Barzi sold 9,600 shares of MasterCard stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total value of $926,112.00. Following the transaction, the director now directly owns 16,391 shares of the company’s stock, valued at approximately $1,581,239.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 84,000 shares of MasterCard stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $92.64, for a total value of $7,781,760.00. Following the completion of the transaction, the insider now directly owns 115,064,971 shares in the company, valued at $10,659,618,913.44. The disclosure for this sale can be found here. 3.14% of the stock is owned by company insiders.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasterCard Inc. (NYSE:MA).
Receive News & Ratings for MasterCard Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterCard Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.