National Planning Corp Has $986,000 Stake in Mastercard Incorporated (MA)
National Planning Corp grew its position in Mastercard Incorporated (NYSE:MA) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,164 shares of the credit services provider’s stock after purchasing an additional 583 shares during the quarter. National Planning Corp’s holdings in Mastercard were worth $986,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Personal Capital Advisors Corp raised its stake in Mastercard by 3.3% during the 2nd quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock worth $32,845,000 after acquiring an additional 8,670 shares in the last quarter. IBM Retirement Fund raised its stake in Mastercard by 68.8% during the 2nd quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock worth $3,128,000 after acquiring an additional 9,397 shares in the last quarter. Oribel Capital Management LP acquired a new stake in Mastercard during the 1st quarter worth $5,849,000. Puzo Michael J raised its stake in Mastercard by 0.4% during the 2nd quarter. Puzo Michael J now owns 50,460 shares of the credit services provider’s stock worth $6,129,000 after acquiring an additional 213 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in Mastercard by 289.8% during the 1st quarter. Edgestream Partners L.P. now owns 20,991 shares of the credit services provider’s stock worth $2,361,000 after acquiring an additional 15,606 shares in the last quarter. Institutional investors and hedge funds own 76.05% of the company’s stock.
Several brokerages recently commented on MA. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, September 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price target on shares of Mastercard in a research note on Friday, September 22nd. Morgan Stanley reiterated an “overweight” rating and set a $160.00 price target (up from $138.00) on shares of Mastercard in a research note on Tuesday, September 19th. Buckingham Research began coverage on shares of Mastercard in a research note on Monday. They set a “buy” rating and a $163.00 price target on the stock. Finally, Cantor Fitzgerald began coverage on shares of Mastercard in a research note on Thursday, September 28th. They set an “overweight” rating and a $165.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $143.08.
In related news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the completion of the transaction, the insider now owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the transaction, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold a total of 869,668 shares of company stock valued at $112,301,656 in the last quarter. 0.30% of the stock is currently owned by insiders.
Shares of Mastercard Incorporated (NYSE:MA) opened at 143.75 on Friday. The company’s 50-day moving average is $137.71 and its 200-day moving average is $125.00. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $143.78. The stock has a market cap of $153.08 billion, a P/E ratio of 35.67 and a beta of 1.18.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The firm 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%. Mastercard’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, analysts expect that Mastercard Incorporated will post $4.44 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Friday, October 6th will be given a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.61%. Mastercard’s dividend payout ratio is presently 21.78%.
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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