Envestnet Asset Management Inc. Buys 33,859 Shares of Mastercard Inc (NYSE:MA)

Envestnet Asset Management Inc. lifted its stake in shares of Mastercard Inc (NYSE:MA) by 4.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 760,355 shares of the credit services provider’s stock after acquiring an additional 33,859 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Mastercard worth $201,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. Claro Advisors LLC lifted its stake in Mastercard by 4.1% in the second quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after purchasing an additional 37 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Mastercard by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after acquiring an additional 38 shares during the last quarter. First Personal Financial Services raised its stake in shares of Mastercard by 4.8% during the second quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock valued at $220,000 after acquiring an additional 38 shares during the last quarter. Claraphi Advisory Network LLC raised its stake in shares of Mastercard by 1.1% during the second quarter. Claraphi Advisory Network LLC now owns 3,669 shares of the credit services provider’s stock valued at $970,000 after acquiring an additional 40 shares during the last quarter. Finally, Elefante Mark B raised its stake in shares of Mastercard by 0.9% during the second quarter. Elefante Mark B now owns 4,582 shares of the credit services provider’s stock valued at $1,212,000 after acquiring an additional 42 shares during the last quarter. 74.25% of the stock is owned by institutional investors.

Several brokerages have recently commented on MA. Citigroup set a $317.00 price objective on shares of Mastercard and gave the company a “buy” rating in a research note on Friday, July 19th. BMO Capital Markets set a $328.00 price objective on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, July 31st. Nomura upped their price objective on shares of Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price objective on shares of Mastercard from $269.00 to $291.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Deutsche Bank upped their price objective on shares of Mastercard from $267.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $291.80.



Shares of NYSE MA traded up $4.48 during midday trading on Thursday, hitting $271.63. 2,513,456 shares of the company traded hands, compared to its average volume of 3,683,371. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $283.33. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The firm has a 50-day moving average of $273.39. The company has a market capitalization of $273.92 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 2.14 and a beta of 1.08.

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

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, July 8th. Mastercard’s dividend payout ratio is currently 20.34%.

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the sale, the insider now owns 134,120 shares in the company, valued at $34,844,376. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the sale, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. Insiders have sold 201,511 shares of company stock worth $54,471,508 in the last quarter. 3.70% of the stock is owned by corporate insiders.

Mastercard 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.

Recommended Story: Asset Allocation, Balancing Your Investments

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.