Epoch Investment Partners Inc. Sells 42 Shares of Mastercard Incorporated (MA)
Epoch Investment Partners Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,019 shares of the credit services provider’s stock after selling 42 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Mastercard were worth $4,738,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Mastercard by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after buying an additional 1,814,116 shares during the period. Clearbridge Investments LLC grew its holdings in Mastercard by 22,644.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock valued at $189,528,000 after buying an additional 1,677,737 shares during the period. Egerton Capital UK LLP grew its holdings in Mastercard by 60.6% in the 2nd quarter. Egerton Capital UK LLP now owns 3,923,766 shares of the credit services provider’s stock valued at $476,541,000 after buying an additional 1,480,425 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Mastercard by 62.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,876,305 shares of the credit services provider’s stock valued at $349,327,000 after buying an additional 1,101,664 shares during the period. Finally, Fiera Capital Corp grew its holdings in Mastercard by 20.1% in the 2nd quarter. Fiera Capital Corp now owns 4,368,032 shares of the credit services provider’s stock valued at $530,497,000 after buying an additional 730,970 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.
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Shares of Mastercard Incorporated (NYSE MA) opened at $151.25 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a twelve month low of $99.51 and a twelve month high of $152.63. The stock has a market capitalization of $158,800.00, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.22.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the previous year, the business earned $1.08 EPS. Mastercard’s revenue for the quarter was up 18.1% compared to the same quarter last year. equities analysts anticipate 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. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 20.51%.
In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares of the company’s stock, valued at $5,766,041.56. 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 over the last quarter. Company insiders own 0.30% of the company’s stock.
Several analysts have commented on MA shares. Wedbush restated a “buy” rating and issued a $140.00 price target (up previously from $129.00) on shares of Mastercard in a report on Wednesday, September 6th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 price target (up previously from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays PLC lifted their price target on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Citigroup Inc. lifted their price target on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Instinet restated a “buy” rating and issued a $163.00 price target (up previously from $153.00) on shares of Mastercard in a report on Saturday, September 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company. Mastercard has an average rating of “Buy” and an average price target of $157.68.
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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