Advisory Services Network LLC Has $6.80 Million Stake in Mastercard Inc (MA)

Advisory Services Network LLC decreased its position in Mastercard Inc (NYSE:MA) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,536 shares of the credit services provider’s stock after selling 837 shares during the period. Mastercard comprises 0.5% of Advisory Services Network LLC’s portfolio, making the stock its 29th largest holding. Advisory Services Network LLC’s holdings in Mastercard were worth $6,797,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Mastercard by 0.7% during the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after buying an additional 452,200 shares in the last quarter. FMR LLC boosted its holdings in Mastercard by 6.0% during the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after buying an additional 2,229,947 shares in the last quarter. Jennison Associates LLC boosted its holdings in Mastercard by 4.7% during the second quarter. Jennison Associates LLC now owns 14,330,021 shares of the credit services provider’s stock worth $2,816,136,000 after buying an additional 646,937 shares in the last quarter. Bank of America Corp DE boosted its holdings in Mastercard by 4.6% during the second quarter. Bank of America Corp DE now owns 6,150,557 shares of the credit services provider’s stock worth $1,208,709,000 after buying an additional 269,298 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Mastercard by 8.4% during the third quarter. Bank of Montreal Can now owns 3,426,290 shares of the credit services provider’s stock worth $762,726,000 after buying an additional 265,387 shares in the last quarter. 74.43% of the stock is currently owned by institutional investors and hedge funds.

NYSE:MA opened at $208.86 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $206.81 billion, a PE ratio of 45.60, a PEG ratio of 1.71 and a beta of 1.22. Mastercard Inc has a 1-year low of $140.61 and a 1-year high of $225.35.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. Research analysts anticipate that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Tuesday, October 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio is presently 21.83%.

A number of research firms recently commented on MA. Wells Fargo & Co boosted their price objective on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets started coverage on shares of Mastercard in a report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 price target on the stock. Goldman Sachs Group raised shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Royal Bank of Canada upped their price target on shares of Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Raymond James started coverage on shares of Mastercard in a report on Tuesday, July 24th. They issued an “outperform” rating and a $244.00 price target on the stock. Three research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average price target of $219.24.

In other news, Director Richard K. Davis acquired 2,475 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was acquired at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the transaction, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company’s stock.

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Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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