Investec Asset Management LTD acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 111,625 shares of the credit services provider’s stock, valued at approximately $13,557,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Mastercard by 2.9% during the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after purchasing an additional 1,814,116 shares in the last quarter. State Street Corp boosted its holdings in Mastercard by 0.4% during the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after purchasing an additional 140,515 shares in the last quarter. Akre Capital Management LLC boosted its holdings in Mastercard by 13.4% during the first quarter. Akre Capital Management LLC now owns 5,329,183 shares of the credit services provider’s stock valued at $599,373,000 after purchasing an additional 627,792 shares in the last quarter. Legal & General Group Plc boosted its holdings in Mastercard by 2.0% during the second quarter. Legal & General Group Plc now owns 4,608,529 shares of the credit services provider’s stock valued at $559,717,000 after purchasing an additional 88,910 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in Mastercard by 20.1% during the second quarter. Fiera Capital Corp now owns 4,368,032 shares of the credit services provider’s stock valued at $530,497,000 after purchasing an additional 730,970 shares in the last quarter. 76.21% of the stock is currently owned by institutional investors.

WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.watchlistnews.com/111625-shares-in-mastercard-incorporated-ma-purchased-by-investec-asset-management-ltd/1706346.html.

In related news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the transaction, the insider now directly owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $3,582,984 in the last three months. 0.30% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on MA shares. Instinet reiterated a “buy” rating and issued a $163.00 target price (up previously from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. KeyCorp reiterated a “buy” rating and issued a $165.00 target price on shares of Mastercard in a research note on Wednesday, October 18th. BMO Capital Markets reiterated an “outperform” rating and issued a $174.00 target price (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $161.00 target price on shares of Mastercard in a research note on Friday, October 13th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average price target of $157.68.

Mastercard Incorporated (NYSE:MA) opened at $148.33 on Thursday. Mastercard Incorporated has a fifty-two week low of $99.51 and a fifty-two week high of $152.00. The stock has a market cap of $158,746.36, a price-to-earnings ratio of 34.79, a PEG ratio of 2.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. sell-side analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Friday, October 6th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, October 5th. Mastercard’s dividend payout ratio (DPR) is 20.47%.

About Mastercard

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.