Jupiter Asset Management Ltd. raised its position in Mastercard Inc (NYSE:MA) by 17.2% during the second quarter, HoldingsChannel.com reports. The firm owned 143,302 shares of the credit services provider’s stock after buying an additional 21,042 shares during the quarter. Mastercard comprises 0.8% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 27th largest holding. Jupiter Asset Management Ltd.’s holdings in Mastercard were worth $28,166,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Global X Management Co. LLC lifted its holdings in shares of Mastercard by 7.7% during the first quarter. Global X Management Co. LLC now owns 9,842 shares of the credit services provider’s stock worth $1,724,000 after buying an additional 702 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Mastercard by 0.8% during the first quarter. Wells Fargo & Company MN now owns 4,526,210 shares of the credit services provider’s stock worth $792,811,000 after buying an additional 33,695 shares in the last quarter. Atria Investments LLC lifted its holdings in shares of Mastercard by 29.3% during the first quarter. Atria Investments LLC now owns 23,221 shares of the credit services provider’s stock worth $4,067,000 after buying an additional 5,268 shares in the last quarter. Armstrong Henry H Associates Inc. lifted its holdings in shares of Mastercard by 4.7% during the first quarter. Armstrong Henry H Associates Inc. now owns 29,876 shares of the credit services provider’s stock worth $5,328,000 after buying an additional 1,342 shares in the last quarter. Finally, Reilly Financial Advisors LLC lifted its holdings in shares of Mastercard by 0.9% during the first quarter. Reilly Financial Advisors LLC now owns 85,299 shares of the credit services provider’s stock worth $14,941,000 after buying an additional 772 shares in the last quarter. 74.43% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on MA shares. Bank of America boosted their price target on Mastercard from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Cowen reaffirmed a “buy” rating and issued a $207.00 price target on shares of Mastercard in a research note on Friday, July 20th. Buckingham Research boosted their price target on Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research note on Tuesday, June 26th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Mastercard in a research note on Wednesday, May 30th. Finally, Loop Capital boosted their price target on Mastercard to $232.00 and gave the company a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Mastercard presently has an average rating of “Buy” and a consensus price target of $202.70.
Mastercard stock opened at $216.82 on Wednesday. Mastercard Inc has a 12-month low of $131.68 and a 12-month high of $217.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $223.85 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.19.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. equities analysts anticipate that Mastercard Inc will post 6.4 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 9th. Stockholders of record on Monday, July 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Friday, July 6th. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.
In other news, CFO Martina Hundmejean sold 69,817 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.
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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