Toth Financial Advisory Corp grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 20,730 shares of the credit services provider’s stock after purchasing an additional 460 shares during the period. Mastercard accounts for about 1.3% of Toth Financial Advisory Corp’s portfolio, making the stock its 20th largest position. Toth Financial Advisory Corp’s holdings in Mastercard were worth $7,010,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Granite Investment Advisors LLC raised its holdings in shares of Mastercard by 2.8% during the 3rd quarter. Granite Investment Advisors LLC now owns 11,542 shares of the credit services provider’s stock valued at $3,903,000 after purchasing an additional 318 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Mastercard by 12.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 74,006 shares of the credit services provider’s stock valued at $25,027,000 after purchasing an additional 8,046 shares in the last quarter. Sanders Morris Harris LLC grew its stake in Mastercard by 107.1% in the 3rd quarter. Sanders Morris Harris LLC now owns 3,757 shares of the credit services provider’s stock valued at $1,289,000 after buying an additional 1,943 shares during the last quarter. First Citizens Bank & Trust Co. grew its stake in Mastercard by 12.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 24,659 shares of the credit services provider’s stock valued at $8,339,000 after buying an additional 2,755 shares during the last quarter. Finally, Hodges Capital Management Inc. acquired a new position in Mastercard in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 73.72% of the company’s stock.
In other Mastercard news, CEO Ajay Banga sold 61,067 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $315.89, for a total value of $19,290,454.63. Following the completion of the transaction, the chief executive officer now directly owns 384,371 shares of the company’s stock, valued at $121,418,955.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 68,670 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $308.54, for a total transaction of $21,187,441.80. Following the completion of the transaction, the insider now directly owns 109,933,814 shares of the company’s stock, valued at $33,918,978,971.56. The disclosure for this sale can be found here. Insiders have sold a total of 263,465 shares of company stock valued at $83,297,010 over the last three months. 3.79% of the stock is currently owned by insiders.
A number of research firms recently issued reports on MA. Royal Bank of Canada reiterated a “buy” rating on shares of Mastercard in a research note on Sunday, October 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mastercard from $320.00 to $383.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Morgan Stanley raised their target price on shares of Mastercard from $311.00 to $315.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Bank of America raised their price target on shares of Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a research report on Thursday, August 27th. Finally, Barclays raised their price target on shares of Mastercard from $360.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, September 21st. Five equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $347.81.
Shares of NYSE:MA traded up $0.83 during midday trading on Friday, reaching $339.40. 3,326,354 shares of the company’s stock were exchanged, compared to its average volume of 4,906,209. The company’s 50 day simple moving average is $341.23 and its two-hundred day simple moving average is $305.61. The firm has a market capitalization of $339.76 billion, a PE ratio of 46.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.11. Mastercard Incorporated has a 12 month low of $199.99 and a 12 month high of $367.25. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.95 and a current ratio of 1.95.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm posted $1.89 EPS. The firm’s quarterly revenue was down 19.8% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 6.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.47%. The ex-dividend date is Thursday, October 8th. Mastercard’s dividend payout ratio is currently 20.59%.
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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