FinTrust Capital Advisors LLC raised its holdings in Mastercard Inc (NYSE:MA) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,815 shares of the credit services provider’s stock after acquiring an additional 208 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Mastercard were worth $745,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Mastercard during the second quarter worth $26,000. Valley National Advisers Inc. increased its position in shares of Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after buying an additional 97 shares during the period. Ellis Investment Partners LLC acquired a new stake in shares of Mastercard during the first quarter worth $30,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Mastercard during the second quarter worth $31,000. Finally, Delphi Private Advisors LLC acquired a new stake in shares of Mastercard during the second quarter worth $31,000. Hedge funds and other institutional investors own 74.25% of the company’s stock.
MA has been the topic of several research analyst reports. Citigroup set a $317.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research note on Friday, July 19th. UBS Group increased their target price on shares of Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Raymond James increased their target price on shares of Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer increased their target price on shares of Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Finally, Barclays increased their target price on shares of Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus price target of $291.80.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $1.66 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Inc will post 7.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis 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 20.34%.
In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 134,120 shares of the company’s stock, valued at $34,844,376. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 23,850 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $279.47, for a total transaction of $6,665,359.50. Following the completion of the transaction, the insider now directly owns 112,102,262 shares in the company, valued at $31,329,219,161.14. The disclosure for this sale can be found here. Insiders sold 201,511 shares of company stock worth $54,471,508 over the last ninety days. Insiders own 3.70% 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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