Baird Financial Group Inc. increased its holdings in shares of Mastercard Inc (NYSE:MA) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 392,789 shares of the credit services provider’s stock after purchasing an additional 15,234 shares during the quarter. Baird Financial Group Inc.’s holdings in Mastercard were worth $77,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Mastercard in the second quarter valued at about $109,000. Carroll Financial Associates Inc. lifted its holdings in Mastercard by 87.2% in the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 300 shares during the period. Financial Gravity Wealth Inc. bought a new position in Mastercard in the first quarter valued at about $133,000. Massey Quick Simon & CO. LLC lifted its holdings in Mastercard by 100.0% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,042 shares of the credit services provider’s stock valued at $183,000 after acquiring an additional 521 shares during the period. Finally, Squar Milner Financial Services LLC bought a new position in Mastercard in the second quarter valued at about $198,000. 74.36% of the stock is currently owned by hedge funds and other institutional investors.
MA has been the topic of a number of recent research reports. Goldman Sachs Group raised Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Wells Fargo & Co increased their target price on Mastercard from $211.00 to $227.00 and gave the company an “outperform” rating in a report on Thursday, July 12th. Oppenheimer increased their target price on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. JPMorgan Chase & Co. raised their price objective on Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Finally, SunTrust Banks raised their price objective on Mastercard to $240.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Mastercard has an average rating of “Buy” and an average target price of $210.46.
Shares of NYSE:MA traded down $2.64 during trading on Friday, hitting $213.26. 4,267,738 shares of the company’s stock were exchanged, compared to its average volume of 3,577,226. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. Mastercard Inc has a 52-week low of $140.61 and a 52-week high of $225.35. The stock has a market capitalization of $231.17 billion, a P/E ratio of 46.56, a P/E/G ratio of 1.83 and a beta of 1.16.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was up 20.0% on a year-over-year basis. On average, research analysts predict that Mastercard Inc will post 6.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, October 5th. Mastercard’s dividend payout ratio is currently 21.83%.
In related news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares in the company, valued at $25,826,116.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.
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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