Bank of Hawaii increased its holdings in Mastercard Inc (NYSE:MA) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,568 shares of the credit services provider’s stock after purchasing an additional 1,034 shares during the quarter. Bank of Hawaii’s holdings in Mastercard were worth $8,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Change Path LLC bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $227,000. Victory Capital Management Inc. boosted its position in shares of Mastercard by 5.6% in the 2nd quarter. Victory Capital Management Inc. now owns 63,062 shares of the credit services provider’s stock worth $16,682,000 after purchasing an additional 3,349 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Mastercard by 13.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 3,181 shares of the credit services provider’s stock worth $841,000 after purchasing an additional 373 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in shares of Mastercard by 89.2% in the 2nd quarter. CSat Investment Advisory L.P. now owns 4,167 shares of the credit services provider’s stock worth $1,102,000 after purchasing an additional 1,964 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Mastercard by 118.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 31,470 shares of the credit services provider’s stock worth $8,325,000 after purchasing an additional 17,052 shares in the last quarter. 74.25% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on MA. Royal Bank of Canada set a $315.00 price target on Mastercard and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, September 3rd. Susquehanna Bancshares boosted their price target on Mastercard from $293.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Co boosted their price target on Mastercard from $285.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, SunTrust Banks boosted their price target on Mastercard from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $299.09.

NYSE MA traded down $4.74 during mid-day trading on Friday, reaching $271.17. The stock had a trading volume of 5,096,509 shares, compared to its average volume of 3,441,065. Mastercard Inc has a 1 year low of $171.89 and a 1 year high of $293.69. The stock has a market cap of $279.93 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08. The company has a fifty day moving average price of $276.14 and a 200 day moving average price of $257.89. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Inc will post 7.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. Mastercard’s payout ratio is currently 20.34%.

In other Mastercard news, insider Craig Vosburg sold 8,314 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $266.03, for a total transaction of $2,211,773.42. Following the completion of the sale, the insider now directly owns 33,047 shares in the company, valued at approximately $8,791,493.41. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 7,950 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $275.98, for a total transaction of $2,194,041.00. Following the sale, the insider now owns 112,173,812 shares of the company’s stock, valued at $30,957,728,635.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,457 shares of company stock valued at $40,747,113. Company insiders own 3.70% of the company’s stock.

Mastercard 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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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