Sumitomo Mitsui Financial Group Inc. raised its position in shares of Mastercard Inc (NYSE:MA) by 165.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,615 shares of the credit services provider’s stock after purchasing an additional 1,006 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Mastercard were worth $359,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MA. Richard Bernstein Advisors LLC grew its stake in shares of Mastercard by 3.5% during the second quarter. Richard Bernstein Advisors LLC now owns 81,090 shares of the credit services provider’s stock worth $15,936,000 after buying an additional 2,757 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Mastercard by 13.3% in the third quarter. Russell Investments Group Ltd. now owns 2,640,138 shares of the credit services provider’s stock worth $587,406,000 after purchasing an additional 310,839 shares during the last quarter. Criterion Capital Management LLC grew its stake in shares of Mastercard by 16.8% in the second quarter. Criterion Capital Management LLC now owns 171,179 shares of the credit services provider’s stock worth $33,640,000 after purchasing an additional 24,634 shares during the last quarter. Certified Advisory Corp grew its stake in shares of Mastercard by 9.3% in the second quarter. Certified Advisory Corp now owns 16,100 shares of the credit services provider’s stock worth $3,164,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Pennsylvania Trust Co grew its stake in shares of Mastercard by 2.0% in the third quarter. Pennsylvania Trust Co now owns 95,380 shares of the credit services provider’s stock worth $21,232,000 after purchasing an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.
In other news, Director Richard K. Davis purchased 2,475 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were 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 owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.
Shares of MA opened at $182.60 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01. The firm has a market cap of $188.59 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.57 and a beta of 1.22. Mastercard Inc has a 12 month low of $140.61 and a 12 month high of $225.35.
Mastercard (NYSE:MA) last issued its quarterly earnings results 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 business had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 earnings per share. As a group, sell-side analysts predict that Mastercard Inc will post 6.43 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th were given a dividend of $0.25 per share. The ex-dividend date was Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.
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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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