Mastercard Incorporated $MA Shares Sold by GTS Securities LLC

GTS Securities LLC reduced its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 79.0% during the 2nd quarter, Holdings Channel reports. The firm owned 1,423 shares of the credit services provider’s stock after selling 5,363 shares during the quarter. GTS Securities LLC’s holdings in Mastercard were worth $731,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MA. Brighton Jones LLC raised its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares in the last quarter. Betterment LLC grew its position in shares of Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC grew its position in shares of Mastercard by 35.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Mastercard during the second quarter worth about $431,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.0%

Shares of NYSE MA opened at $595.51 on Monday. The company has a market capitalization of $521.67 billion, a P/E ratio of 32.76, a P/E/G ratio of 1.79 and a beta of 0.71. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The company has a 50 day simple moving average of $549.15 and a 200-day simple moving average of $519.51. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.62.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.15 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s dividend payout ratio is 19.14%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MA shares. Morgan Stanley raised their price target on shares of Mastercard from $679.00 to $681.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their price objective on Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Clear Str raised Mastercard to a “strong-buy” rating in a report on Thursday, July 16th. Wolfe Research raised their target price on Mastercard from $680.00 to $740.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Finally, Cantor Fitzgerald lifted their price target on Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $664.71.

Read Our Latest Research Report on MA

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the sale, the insider directly owned 3,322 shares of the company’s stock, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 7,444 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total transaction of $4,296,155.72. Following the completion of the sale, the insider owned 40,916 shares in the company, valued at approximately $23,613,851.08. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 71,357 shares of company stock worth $40,637,262. Insiders own 0.09% of the company’s stock.

Mastercard Company Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Further Reading

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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