Carmichael Hill & Associates Inc. bought a new stake in shares of Mastercard Inc (NYSE:MA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 918 shares of the credit services provider’s stock, valued at approximately $204,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its position in shares of Mastercard by 6.0% in the second quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares during the period. Jennison Associates LLC boosted its position in shares of Mastercard by 4.8% in the third quarter. Jennison Associates LLC now owns 15,023,688 shares of the credit services provider’s stock worth $3,344,423,000 after purchasing an additional 693,667 shares during the period. BlackRock Inc. boosted its position in shares of Mastercard by 0.7% in the second quarter. BlackRock Inc. now owns 65,030,203 shares of the credit services provider’s stock worth $12,779,736,000 after purchasing an additional 452,200 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of Mastercard by 45.6% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,428,465 shares of the credit services provider’s stock worth $317,990,000 after purchasing an additional 447,615 shares during the period. Finally, Royal London Asset Management Ltd. bought a new position in shares of Mastercard in the second quarter worth approximately $75,734,000. Institutional investors own 74.52% of the company’s stock.
A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped their price target on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Wells Fargo & Co upped their price target on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. BMO Capital Markets upped their price target on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Zacks Investment Research reiterated a “buy” rating and issued a $210.00 price target on shares of Mastercard in a research report on Tuesday, November 13th. Finally, Credit Suisse Group upped their price target on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Three research analysts have rated the stock with a hold rating, twenty-six have assigned 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 $220.82.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. Mastercard’s revenue for the quarter was up 14.7% on a year-over-year basis. Research analysts anticipate that Mastercard Inc will post 6.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors 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 dividend yield of 0.55%. Mastercard’s dividend payout ratio is 21.83%.
In other Mastercard news, Director Richard K. Davis purchased 2,475 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were bought at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the purchase, the director now directly owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.
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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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