WINTON GROUP Ltd Cuts Stake in Mastercard Incorporated (MA)
WINTON GROUP Ltd decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 19.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,198 shares of the credit services provider’s stock after selling 5,512 shares during the period. WINTON GROUP Ltd’s holdings in Mastercard were worth $3,276,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC purchased a new position in Mastercard during the 3rd quarter valued at about $102,000. Chicago Partners Investment Group LLC lifted its position in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the period. Thompson Davis & CO. Inc. lifted its position in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC lifted its position in Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mastercard during the 2nd quarter valued at about $121,000. 75.61% of the stock is currently owned by hedge funds and other institutional investors.
MA has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Robert W. Baird lifted their target price on shares of Mastercard from $150.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, October 16th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $161.00 target price on shares of Mastercard in a report on Friday, October 13th. Stephens initiated coverage on shares of Mastercard in a report on Friday, October 13th. They issued an “overweight” rating and a $166.00 target price for the company. Finally, Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $162.22.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. research analysts expect that Mastercard Incorporated will post 4.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio is presently 23.31%.
Mastercard announced that its board has initiated a share buyback plan on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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