Mastercard Incorporated (NYSE:MA) is Impax Asset Management Group plc’s 9th Largest Position

Impax Asset Management Group plc reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,060,027 shares of the credit services provider’s stock after selling 114,199 shares during the quarter. Mastercard comprises about 1.9% of Impax Asset Management Group plc’s investment portfolio, making the stock its 9th biggest position. Impax Asset Management Group plc owned 0.11% of Mastercard worth $466,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MA. Intech Investment Management LLC grew its holdings in Mastercard by 15.6% during the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after purchasing an additional 3,306 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Mastercard by 0.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 62,553 shares of the credit services provider’s stock worth $26,680,000 after buying an additional 438 shares during the period. Brevan Howard Capital Management LP lifted its stake in shares of Mastercard by 213.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after acquiring an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise grew its position in Mastercard by 6.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after acquiring an additional 2,676 shares during the last quarter. Finally, NEOS Investment Management LLC increased its stake in Mastercard by 42.0% in the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock worth $5,000,000 after purchasing an additional 3,469 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of MA stock traded up $1.74 on Friday, hitting $479.10. The company had a trading volume of 77,421 shares, compared to its average volume of 2,433,112. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market cap of $445.38 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10. The company has a 50-day moving average price of $455.56 and a 200-day moving average price of $459.53.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 20.99%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup upped their price target on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Evercore ISI reduced their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday. Bank of America downgraded Mastercard from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. Finally, Compass Point assumed coverage on shares of Mastercard in a report on Wednesday. They issued a “neutral” rating and a $525.00 price target on the stock. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 3,464 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the sale, the insider now directly owns 13,736 shares of the company’s stock, valued at $6,151,530.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total transaction of $1,551,317.76. Following the completion of the sale, the insider now directly owns 13,736 shares in the company, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. Insiders have sold 1,167,931 shares of company stock valued at $531,284,982 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.