Asset Management One Co. Ltd. Increases Stake in Mastercard Incorporated (NYSE:MA)

Asset Management One Co. Ltd. lifted its stake in Mastercard Incorporated (NYSE:MA) by 1.6% during the third quarter, HoldingsChannel reports. The firm owned 399,153 shares of the credit services provider’s stock after purchasing an additional 6,364 shares during the period. Mastercard accounts for about 0.7% of Asset Management One Co. Ltd.’s holdings, making the stock its 22nd largest position. Asset Management One Co. Ltd.’s holdings in Mastercard were worth $197,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Coppell Advisory Solutions Corp. purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $608,000. SteelPeak Wealth LLC grew its stake in shares of Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares during the period. Sarasin & Partners LLP grew its stake in Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after acquiring an additional 37,486 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Mastercard in the 1st quarter valued at $2,938,000. Finally, OMC Financial Services LTD acquired a new stake in Mastercard in the 1st quarter valued at $17,854,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock worth $153,495,958 over the last three months. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a report on Tuesday, September 3rd. Mizuho increased their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $537.92.

Mastercard Stock Down 0.0 %

MA opened at $507.93 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $469.25 billion, a PE ratio of 38.43, a PEG ratio of 2.21 and a beta of 1.10. The firm’s 50 day simple moving average is $495.77 and its two-hundred day simple moving average is $466.94. Mastercard Incorporated has a 1-year low of $384.20 and a 1-year high of $527.90.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.39 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 19.97%.

Mastercard 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.