Chicago Capital LLC trimmed its holdings in Mastercard Inc (NYSE:MA) by 13.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,417 shares of the credit services provider’s stock after selling 5,000 shares during the quarter. Chicago Capital LLC’s holdings in Mastercard were worth $7,439,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bingham Osborn & Scarborough LLC acquired a new stake in shares of Mastercard in the third quarter valued at approximately $202,000. Bbva Compass Bancshares Inc. boosted its holdings in shares of Mastercard by 10.9% in the third quarter. Bbva Compass Bancshares Inc. now owns 18,352 shares of the credit services provider’s stock valued at $4,085,000 after acquiring an additional 1,803 shares during the period. HL Financial Services LLC boosted its holdings in shares of Mastercard by 17.3% in the third quarter. HL Financial Services LLC now owns 17,299 shares of the credit services provider’s stock valued at $3,851,000 after acquiring an additional 2,551 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Mastercard by 11.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 114,757 shares of the credit services provider’s stock valued at $25,546,000 after acquiring an additional 11,343 shares during the period. Finally, Usca Ria LLC boosted its holdings in shares of Mastercard by 4.0% in the third quarter. Usca Ria LLC now owns 17,291 shares of the credit services provider’s stock valued at $3,849,000 after acquiring an additional 663 shares during the period. 74.43% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on MA shares. SunTrust Banks increased their price objective on Mastercard to $240.00 and gave the company a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Credit Suisse Group increased their price objective on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a report on Monday, October 8th. Wolfe Research started coverage on Mastercard in a report on Tuesday, July 17th. They issued an “outperform” rating for the company. Loop Capital set a $232.00 price objective on Mastercard and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, BMO Capital Markets increased their price objective on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $219.24.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the company earned $1.34 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, sell-side analysts predict that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, October 5th. Mastercard’s dividend payout ratio is presently 21.83%.
In other Mastercard news, Director Richard K. Davis acquired 2,475 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was purchased at an average price of $196.37 per share, for a total transaction of $486,015.75. Following the completion of the transaction, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by company insiders.
Mastercard Company 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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