MasterCard Inc. (MA) Stake Boosted by Prudential Financial Inc.
Prudential Financial Inc. raised its stake in MasterCard Inc. (NYSE:MA) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,556,460 shares of the company’s stock after buying an additional 9,520 shares during the period. Prudential Financial Inc. owned approximately 0.14% of MasterCard worth $137,062,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of MasterCard during the first quarter worth about $106,000. Seven Bridges Advisors LLC acquired a new stake in MasterCard during the second quarter worth $109,000. Feltz Wealth PLAN Inc. acquired a new stake in MasterCard during the second quarter worth $121,000. Thompson Siegel & Walmsley LLC acquired a new stake in MasterCard during the second quarter worth $125,000. Finally, First New York Securities LLC NY boosted its stake in MasterCard by 2,450.0% in the second quarter. First New York Securities LLC NY now owns 1,530 shares of the company’s stock worth $135,000 after buying an additional 1,470 shares during the last quarter. Hedge funds and other institutional investors own 75.25% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded up 0.41% during mid-day trading on Tuesday, hitting $100.09. The stock had a trading volume of 1,081,946 shares. MasterCard Inc. has a one year low of $78.52 and a one year high of $101.76. The company has a 50 day moving average price of $97.08 and a 200-day moving average price of $94.60. The company has a market cap of $109.87 billion, a price-to-earnings ratio of 29.36 and a beta of 1.15.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The business earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period last year, the company posted $0.85 EPS. The company’s revenue was up 12.7% on a year-over-year basis. Equities analysts expect that MasterCard Inc. will post $3.63 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the company. Pacific Crest set a $110.00 price objective on MasterCard and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Bank of America Corp. set a $103.00 price objective on MasterCard and gave the company a “hold” rating in a research note on Thursday, September 8th. Argus restated a “hold” rating on shares of MasterCard in a research note on Thursday, September 8th. Jefferies Group restated a “buy” rating and issued a $112.00 price target on shares of MasterCard in a research note on Thursday, September 8th. Finally, Nomura lifted their price target on MasterCard from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Seven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. MasterCard has an average rating of “Buy” and an average target price of $109.15.
In other MasterCard news, insider Robert Reeg sold 6,000 shares of MasterCard stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $94.79, for a total value of $568,740.00. Following the transaction, the insider now owns 53,501 shares in the company, valued at approximately $5,071,359.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 56,016 shares of MasterCard stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $96.53, for a total transaction of $5,407,224.48. Following the completion of the transaction, the insider now owns 114,644,971 shares in the company, valued at approximately $11,066,679,050.63. The disclosure for this sale can be found here. 3.14% of the stock is currently 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.
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