Waddell & Reed Financial Inc. Trims Position in Mastercard Inc (NYSE:MA)

Waddell & Reed Financial Inc. lessened its stake in Mastercard Inc (NYSE:MA) by 23.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,398,123 shares of the credit services provider’s stock after selling 423,378 shares during the period. Mastercard accounts for about 0.9% of Waddell & Reed Financial Inc.’s portfolio, making the stock its 19th largest position. Waddell & Reed Financial Inc. owned 0.14% of Mastercard worth $369,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC increased its position in Mastercard by 25.0% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,572 shares of the credit services provider’s stock valued at $680,000 after purchasing an additional 515 shares during the period. Zacks Investment Management boosted its holdings in shares of Mastercard by 38.1% in the 2nd quarter. Zacks Investment Management now owns 49,174 shares of the credit services provider’s stock valued at $13,008,000 after buying an additional 13,568 shares in the last quarter. Green Square Asset Management LLC boosted its holdings in shares of Mastercard by 99.1% in the 2nd quarter. Green Square Asset Management LLC now owns 5,811 shares of the credit services provider’s stock valued at $1,537,000 after buying an additional 2,892 shares in the last quarter. Outlook Wealth Advisors LLC boosted its holdings in shares of Mastercard by 11.4% in the 2nd quarter. Outlook Wealth Advisors LLC now owns 1,891 shares of the credit services provider’s stock valued at $500,000 after buying an additional 194 shares in the last quarter. Finally, Parker Investment Management LLC boosted its holdings in shares of Mastercard by 615.8% in the 2nd quarter. Parker Investment Management LLC now owns 22,920 shares of the credit services provider’s stock valued at $6,063,000 after buying an additional 19,718 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

MA stock traded down $2.03 during trading on Tuesday, reaching $271.12. The company had a trading volume of 3,559,933 shares, compared to its average volume of 3,499,110. The firm has a 50-day simple moving average of $276.21 and a 200-day simple moving average of $258.57. The company has a market cap of $275.12 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69.



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

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other Mastercard news, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total transaction of $789,450.00. Following the completion of the sale, the insider now directly owns 12,778 shares in the company, valued at approximately $3,641,730. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 7,950 shares of Mastercard stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $281.81, for a total transaction of $2,240,389.50. Following the sale, the insider now owns 112,102,262 shares of the company’s stock, valued at $31,591,538,454.22. The disclosure for this sale can be found here. Insiders sold a total of 148,457 shares of company stock valued at $40,747,113 over the last quarter. 3.70% of the stock is owned by company insiders.

A number of analysts have recently weighed in on the stock. SunTrust Banks raised their price target on shares of Mastercard from $310.00 to $325.00 and gave the company a “buy” rating in a report on Friday, September 13th. Susquehanna Bancshares raised their price target on shares of Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada set a $315.00 price target on shares of Mastercard and gave the company a “buy” rating in a report on Wednesday, August 7th. Credit Suisse Group set a $292.00 price target on shares of Mastercard and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Citigroup raised their price target on shares of Mastercard from $288.00 to $317.00 and gave the company a “buy” rating in a report on Monday, September 9th. Two analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $299.09.

Mastercard Company 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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