Artemis Investment Management LLP increased its position in Mastercard Inc (NYSE:MA) by 11.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 343,504 shares of the credit services provider’s stock after buying an additional 33,993 shares during the quarter. Artemis Investment Management LLP’s holdings in Mastercard were worth $76,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC boosted its stake in shares of Mastercard by 0.3% during the second quarter. Douglass Winthrop Advisors LLC now owns 441,984 shares of the credit services provider’s stock worth $86,859,000 after buying an additional 1,379 shares during the period. Busey Trust CO boosted its stake in shares of Mastercard by 1.9% during the second quarter. Busey Trust CO now owns 71,837 shares of the credit services provider’s stock worth $14,118,000 after buying an additional 1,368 shares during the period. Squar Milner Financial Services LLC acquired a new stake in shares of Mastercard during the second quarter worth about $198,000. Hedeker Wealth LLC boosted its stake in shares of Mastercard by 107.4% during the second quarter. Hedeker Wealth LLC now owns 8,090 shares of the credit services provider’s stock worth $909,000 after buying an additional 4,190 shares during the period. Finally, DT Investment Partners LLC acquired a new stake in shares of Mastercard during the second quarter worth about $431,000. 74.52% of the stock is owned by institutional investors.
In related news, Director Richard K. Davis bought 2,475 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now owns 3,468 shares in the company, valued at approximately $681,011.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.10. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. On average, sell-side 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 was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio is currently 21.83%.
Several equities research analysts have recently weighed in on MA shares. Sandler O’Neill reiterated a “hold” rating and set a $209.00 target price on shares of Mastercard in a research note on Friday, July 27th. Loop Capital increased their target price on shares of Mastercard to $232.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Cantor Fitzgerald reiterated an “overweight” rating and set a $237.00 target price on shares of Mastercard in a research note on Friday, July 27th. JPMorgan Chase & Co. increased their target price on shares of Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, SunTrust Banks increased their target price on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $220.82.
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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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