First New York Securities LLC NY boosted its stake in MasterCard Inc. (NYSE:MA) by 2,450.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,530 shares of the company’s stock after buying an additional 1,470 shares during the period. First New York Securities LLC NY’s holdings in MasterCard were worth $135,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in MasterCard during the first quarter valued at $106,000. Seven Bridges Advisors LLC bought a new stake in MasterCard during the second quarter valued at $109,000. Hartford Financial Management Inc. raised its stake in MasterCard by 76.0% in the second quarter. Hartford Financial Management Inc. now owns 2,200 shares of the company’s stock valued at $193,000 after buying an additional 950 shares during the last quarter. M&R Capital Management Inc. bought a new stake in MasterCard during the first quarter valued at $210,000. Finally, Banced Corp bought a new stake in MasterCard during the second quarter valued at $205,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.
MasterCard Inc. (NYSE:MA) traded up 1.15% during mid-day trading on Friday, reaching $101.77. The company had a trading volume of 5,503,915 shares. MasterCard Inc. has a 12 month low of $78.52 and a 12 month high of $102.31. The company has a market capitalization of $111.72 billion, a price-to-earnings ratio of 29.85 and a beta of 1.15. The firm’s 50 day moving average price is $98.43 and its 200-day moving average price is $95.36.
MasterCard (NYSE:MA) last released its earnings results on Thursday, July 28th. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm posted $0.85 EPS. MasterCard’s revenue for the quarter was up 12.7% on a year-over-year basis. Equities research analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Monday, October 10th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.76 annualized dividend and a yield of 0.75%. MasterCard’s payout ratio is 22.35%.
Several brokerages have commented on MA. Vetr downgraded MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective on the stock. in a research report on Thursday, September 22nd. Zacks Investment Research raised MasterCard from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Wednesday. Bank of America Corp. set a $103.00 price target on MasterCard and gave the stock a “hold” rating in a research report on Thursday, September 8th. Barclays PLC increased their price target on MasterCard from $107.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, September 8th. Finally, Nomura increased their price target on MasterCard from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $109.71.
In related news, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $91.17, for a total transaction of $7,658,280.00. Following the completion of the transaction, the insider now directly owns 115,148,971 shares of the company’s stock, valued at approximately $10,498,131,686.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martina Hundmejean sold 94,345 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $96.82, for a total value of $9,134,482.90. Following the transaction, the chief financial officer now directly owns 214,968 shares of the company’s stock, valued at $20,813,201.76. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.
MasterCard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
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