CIBC World Markets Inc. Purchases 466,894 Shares of Mastercard Incorporated (MA)
CIBC World Markets Inc. raised its position in Mastercard Incorporated (NYSE:MA) by 423.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 577,073 shares of the credit services provider’s stock after acquiring an additional 466,894 shares during the period. CIBC World Markets Inc. owned about 0.05% of Mastercard worth $70,086,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of MA. Glassman Wealth Services raised its holdings in shares of Mastercard by 0.3% in the 1st quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after buying an additional 6 shares in the last quarter. Norway Savings Bank raised its holdings in shares of Mastercard by 1.1% in the 2nd quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock worth $117,000 after buying an additional 10 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after buying an additional 12 shares in the last quarter. Concert Wealth Management Inc. raised its holdings in shares of Mastercard by 0.3% in the 1st quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock worth $664,000 after buying an additional 18 shares in the last quarter. Finally, Berkshire Asset Management LLC PA raised its holdings in shares of Mastercard by 0.3% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after buying an additional 18 shares in the last quarter. 76.08% of the stock is owned by hedge funds and other institutional investors.
Mastercard Incorporated (NYSE:MA) opened at $149.29 on Monday. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $152.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market capitalization of $158,047.64, a price-to-earnings ratio of 34.64, a PEG ratio of 2.03 and a beta of 1.21.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. research analysts anticipate that Mastercard Incorporated will post 4.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Friday, October 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.47%.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of Mastercard stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Insiders sold a total of 112,623 shares of company stock worth $14,916,143 over the last 90 days. 0.30% of the stock is owned by corporate insiders.
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A number of equities analysts have recently issued reports on the company. Nomura increased their target price on Mastercard from $163.00 to $164.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Loop Capital increased their target price on Mastercard to $167.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. SunTrust Banks, Inc. increased their target price on Mastercard to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. KeyCorp reissued an “overweight” rating and issued a $170.00 target price (up from $165.00) on shares of Mastercard in a report on Wednesday, November 1st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $174.00 target price (up from $157.00) on shares of Mastercard in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $156.34.
Mastercard Company Profile
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.
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