Mastercard Incorporated (MA) Shares Bought by State Street Corp
State Street Corp boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 37,454,824 shares of the credit services provider’s stock after buying an additional 140,515 shares during the period. State Street Corp’s holdings in Mastercard were worth $4,212,546,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in MA. Lipe & Dalton purchased a new stake in shares of Mastercard during the first quarter worth about $101,000. Kistler Tiffany Companies LLC boosted its stake in shares of Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares during the period. First Bank & Trust boosted its stake in shares of Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after buying an additional 165 shares during the period. Tarbox Group Inc. boosted its stake in shares of Mastercard by 323.8% in the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock worth $152,000 after buying an additional 1,033 shares during the period. Finally, Welch Group LLC boosted its stake in shares of Mastercard by 1.2% in the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock worth $183,000 after buying an additional 20 shares during the period. 75.76% of the stock is owned by hedge funds and other institutional investors.
Shares of Mastercard Incorporated (NYSE:MA) traded up 0.69% during trading on Friday, hitting $128.55. The stock had a trading volume of 2,484,529 shares. The firm’s 50-day moving average is $126.59 and its 200-day moving average is $117.50. Mastercard Incorporated has a one year low of $94.41 and a one year high of $132.20. The firm has a market cap of $136.89 billion, a P/E ratio of 31.90 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post $4.39 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.68%. The ex-dividend date was Wednesday, July 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.78%.
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MA has been the subject of a number of research analyst reports. Deutsche Bank AG reissued a “buy” rating and issued a $124.00 target price on shares of Mastercard in a research report on Thursday, May 25th. Instinet upped their target price on Mastercard from $133.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 4th. Piper Jaffray Companies reissued a “buy” rating on shares of Mastercard in a research report on Friday, April 14th. BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, Citigroup Inc. upped their target price on Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard has an average rating of “Buy” and an average price target of $128.20.
In other news, major shareholder Foundation Mastercard sold 87,623 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the sale, the insider now directly owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders sold 850,468 shares of company stock valued at $109,574,694 in the last three months. Company insiders own 0.30% of the company’s stock.
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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