Guinness Asset Management LTD increased its holdings in Mastercard Incorporated (NYSE:MA – Get Rating) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,972 shares of the credit services provider’s stock after buying an additional 1,561 shares during the quarter. Guinness Asset Management LTD’s holdings in Mastercard were worth $25,364,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of MA. State Street Corp boosted its position in Mastercard by 4.4% in the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after purchasing an additional 1,511,927 shares in the last quarter. Geode Capital Management LLC increased its stake in Mastercard by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 15,148,167 shares of the credit services provider’s stock worth $5,429,311,000 after purchasing an additional 421,767 shares during the period. Capital International Investors grew its stake in shares of Mastercard by 8.5% in the fourth quarter. Capital International Investors now owns 14,789,616 shares of the credit services provider’s stock worth $5,314,216,000 after acquiring an additional 1,160,809 shares in the last quarter. Norges Bank purchased a new stake in shares of Mastercard during the fourth quarter worth $3,107,220,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Mastercard by 16.3% during the third quarter. UBS Asset Management Americas Inc. now owns 5,829,916 shares of the credit services provider’s stock worth $2,026,945,000 after acquiring an additional 819,003 shares during the period. Institutional investors own 74.94% of the company’s stock.
A number of research firms have recently weighed in on MA. Morgan Stanley cut their price objective on Mastercard from $449.00 to $442.00 and set an “overweight” rating on the stock in a research report on Thursday, April 21st. StockNews.com assumed coverage on shares of Mastercard in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mastercard from $420.00 to $440.00 in a research note on Friday, April 29th. Bank of America decreased their target price on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research note on Monday, April 18th. Finally, Citigroup cut their price target on shares of Mastercard from $445.00 to $435.00 in a report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $422.94.
Mastercard (NYSE:MA – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.59. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.90 billion. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. Mastercard’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the business earned $1.74 EPS. On average, equities analysts expect that Mastercard Incorporated will post 10.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s payout ratio is currently 20.40%.
In other Mastercard news, major shareholder Foundation Mastercard sold 106,330 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $333.03, for a total value of $35,411,079.90. Following the transaction, the insider now owns 103,629,316 shares in the company, valued at approximately $34,511,671,107.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 1,561 shares of the company’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total transaction of $569,765.00. The disclosure for this sale can be found here. Insiders sold a total of 327,543 shares of company stock valued at $108,482,025 over the last ninety days. Company insiders own 0.33% of the company’s stock.
About Mastercard (Get Rating)
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 other payment-related products and services.
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