Mastercard Inc (MA) Shares Bought by Jupiter Asset Management Ltd.

Share on StockTwits

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.

About Mastercard

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.

Featured Story: How Short Selling Works

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply