Mastercard Inc (NYSE:MA) Shares Purchased by National Asset Management Inc.

National Asset Management Inc. grew its stake in Mastercard Inc (NYSE:MA) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,251 shares of the credit services provider’s stock after purchasing an additional 742 shares during the quarter. National Asset Management Inc.’s holdings in Mastercard were worth $2,713,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Claro Advisors LLC raised its stake in Mastercard by 4.1% during the second quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after acquiring an additional 37 shares during the period. Quadrant Capital Group LLC raised its stake in Mastercard by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock worth $3,989,000 after acquiring an additional 38 shares during the period. First Personal Financial Services raised its stake in Mastercard by 4.8% during the second quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock worth $220,000 after acquiring an additional 38 shares during the period. Claraphi Advisory Network LLC raised its stake in Mastercard by 1.1% during the second quarter. Claraphi Advisory Network LLC now owns 3,669 shares of the credit services provider’s stock worth $970,000 after acquiring an additional 40 shares during the period. Finally, Elefante Mark B raised its stake in Mastercard by 0.9% during the second quarter. Elefante Mark B now owns 4,582 shares of the credit services provider’s stock worth $1,212,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 74.90% of the company’s stock.

Several research firms recently weighed in on MA. Wells Fargo & Co increased their price objective on shares of Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Citigroup set a $317.00 price objective on shares of Mastercard and gave the stock a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $275.00 price objective on the stock in a research note on Wednesday, May 15th. KeyCorp upped their target price on shares of Mastercard from $230.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Barclays upped their target price on shares of Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $291.80.

In other news, insider Craig Vosburg sold 8,314 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the transaction, the insider now directly owns 33,047 shares in the company, valued at $8,791,493.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the transaction, the insider now owns 134,120 shares of the company’s stock, valued at $34,844,376. The disclosure for this sale can be found here. Insiders sold 201,511 shares of company stock valued at $54,471,508 over the last quarter. Insiders own 3.70% of the company’s stock.

NYSE MA traded down $0.31 on Tuesday, hitting $277.77. The stock had a trading volume of 1,219,579 shares, compared to its average volume of 3,792,061. Mastercard Inc has a one year low of $171.89 and a one year high of $283.33. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock has a market cap of $278.35 billion, a price-to-earnings ratio of 42.80, a P/E/G ratio of 2.17 and a beta of 1.08. The company’s 50-day moving average is $274.53 and its two-hundred day moving average is $248.69.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.82 by $0.07. The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. Mastercard’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. On average, sell-side analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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