Huntington National Bank held its stake in shares of MasterCard Inc. (NYSE:MA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,513 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in MasterCard were worth $3,672,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of MA. HHG & Company LLC raised its position in shares of MasterCard by 6.2% in the first quarter. HHG & Company LLC now owns 19,721 shares of the company’s stock valued at $1,864,000 after buying an additional 1,146 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of MasterCard by 16.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,136 shares of the company’s stock valued at $1,160,000 after buying an additional 1,701 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of MasterCard by 13.5% in the first quarter. GW&K Investment Management LLC now owns 128,837 shares of the company’s stock valued at $12,175,000 after buying an additional 15,350 shares in the last quarter. Handelsinvest Investeringsforvaltning raised its position in shares of MasterCard by 11.0% in the first quarter. Handelsinvest Investeringsforvaltning now owns 50,400 shares of the company’s stock valued at $4,763,000 after buying an additional 5,000 shares in the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in shares of MasterCard during the first quarter valued at about $2,603,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.
MasterCard Inc. (NYSE:MA) traded down 0.45% during midday trading on Friday, reaching $101.66. The company’s stock had a trading volume of 2,759,430 shares. The stock has a market capitalization of $111.60 billion, a PE ratio of 29.82 and a beta of 1.15. The firm’s 50-day moving average price is $97.77 and its 200-day moving average price is $94.87. MasterCard Inc. has a 52 week low of $78.52 and a 52 week high of $102.23.
MasterCard (NYSE:MA) last posted its earnings results on Thursday, July 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.06. MasterCard had a return on equity of 66.32% and a net margin of 37.39%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the prior year, the company earned $0.85 EPS. MasterCard’s revenue was up 12.7% on a year-over-year basis. On average, analysts anticipate that MasterCard Inc. will post $3.63 earnings per share for the current year.
Several research analysts recently issued reports on MA shares. Bank of America Corp. set a $103.00 target price on MasterCard and gave the company a “hold” rating in a research report on Thursday, September 8th. Pacific Crest set a $110.00 target price on MasterCard and gave the company a “buy” rating in a research report on Wednesday, September 14th. Argus reissued a “hold” rating on shares of MasterCard in a report on Thursday, September 8th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $108.00 price objective on shares of MasterCard in a report on Monday, June 6th. Finally, Vetr lowered MasterCard from a “buy” rating to a “hold” rating and set a $105.86 price objective on the stock. in a report on Thursday. Eight analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $109.55.
In other MasterCard news, Director Silvio Barzi sold 9,600 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $96.47, for a total transaction of $926,112.00. Following the transaction, the director now owns 16,391 shares of the company’s stock, valued at approximately $1,581,239.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 56,016 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $96.53, for a total value of $5,407,224.48. Following the transaction, the insider now directly owns 114,644,971 shares in the company, valued at approximately $11,066,679,050.63. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.
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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