Envestnet Asset Management Inc. Boosts Position in Mastercard Inc (MA)
Envestnet Asset Management Inc. increased its position in Mastercard Inc (NYSE:MA) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 366,818 shares of the company’s stock after buying an additional 16,504 shares during the period. Envestnet Asset Management Inc.’s holdings in Mastercard were worth $37,876,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Lowe fs LLC boosted its stake in Mastercard by 9.8% in the third quarter. Lowe fs LLC now owns 1,120 shares of the company’s stock valued at $114,000 after buying an additional 100 shares during the period. First Bank & Trust acquired a new stake in Mastercard during the fourth quarter valued at approximately $117,000. TLP Group LLC acquired a new stake in Mastercard during the third quarter valued at approximately $128,000. Fusion Family Wealth LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $130,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Mastercard during the fourth quarter valued at approximately $139,000. 75.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mastercard Inc (NYSE:MA) opened at 112.41 on Tuesday. Mastercard Inc has a 52 week low of $86.65 and a 52 week high of $113.50. The company has a market cap of $121.17 billion, a P/E ratio of 30.46 and a beta of 1.26. The company’s 50-day moving average price is $109.57 and its 200 day moving average price is $105.02.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, January 31st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Mastercard had a return on equity of 71.09% and a net margin of 37.67%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Inc will post $4.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 9th. Investors of record on Friday, April 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, April 5th. Mastercard’s dividend payout ratio is currently 23.85%.
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MA has been the topic of several recent analyst reports. Barclays PLC dropped their price objective on Mastercard to $124.00 in a research report on Wednesday, February 1st. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Thursday, November 24th. Loop Capital initiated coverage on Mastercard in a research report on Tuesday, February 14th. They set a “buy” rating and a $119.00 price objective on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $123.00 price objective on shares of Mastercard in a research report on Saturday, March 11th. Finally, Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $107.89 price objective on the stock in a research report on Monday, November 28th. Five equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $115.77.
In related news, major shareholder Foundation Mastercard sold 205,035 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $108.66, for a total transaction of $22,279,103.10. Following the transaction, the insider now directly owns 114,064,442 shares of the company’s stock, valued at approximately $12,394,242,267.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Reeg sold 6,487 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $105.17, for a total value of $682,237.79. Following the transaction, the insider now directly owns 41,014 shares in the company, valued at $4,313,442.38. The disclosure for this sale can be found here. Insiders have sold a total of 1,439,520 shares of company stock worth $155,339,186 over the last ninety days. 3.14% of the stock is currently owned by corporate insiders.
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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