Tower Research Capital LLC TRC purchased a new position in Mastercard Inc (NYSE:MA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,291 shares of the credit services provider’s stock, valued at approximately $3,201,000.
A number of other hedge funds also recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Mastercard during the 2nd quarter valued at $109,000. Fort L.P. acquired a new stake in Mastercard during the 2nd quarter valued at $120,000. Carroll Financial Associates Inc. raised its stake in Mastercard by 87.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 300 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Mastercard during the 2nd quarter valued at $131,000. Finally, Financial Gravity Wealth Inc. bought a new stake in Mastercard in the first quarter worth $133,000. Institutional investors own 74.36% of the company’s stock.
A number of equities research analysts recently issued reports on MA shares. SunTrust Banks upped their price objective on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Credit Suisse Group boosted their target price on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Wolfe Research started coverage on shares of Mastercard in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $202.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. Finally, Buckingham Research upped their price objective on shares of Mastercard from $194.00 to $222.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $216.94.
MA opened at $204.22 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $231.17 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 1.83 and a beta of 1.16. Mastercard Inc has a twelve month low of $140.61 and a twelve month high of $225.35.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the business posted $1.10 earnings per share. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. Research analysts predict that Mastercard Inc will post 6.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.49%. Mastercard’s payout ratio is currently 21.83%.
In other Mastercard news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the sale, the chief financial officer now directly owns 128,905 shares in the company, valued at approximately $25,826,116.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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