Mastercard Incorporated (NYSE:MA) Shares Acquired by IFM Investors Pty Ltd
IFM Investors Pty Ltd grew its position in Mastercard Incorporated (NYSE:MA) by 12.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 74,006 shares of the credit services provider’s stock after purchasing an additional 8,046 shares during the period. Mastercard makes up 1.0% of IFM Investors Pty Ltd’s holdings, making the stock its 12th largest position. IFM Investors Pty Ltd’s holdings in Mastercard were worth $25,027,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Mastercard by 55.2% during the third quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 37 shares during the period. Evolution Wealth Advisors LLC grew its holdings in Mastercard by 530.4% during the second quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 122 shares during the period. Virtus Alternative Investment Advisers Inc. acquired a new stake in Mastercard during the second quarter worth about $46,000. Watson Rebecca acquired a new stake in Mastercard during the second quarter worth about $50,000. Finally, Financial Management Professionals Inc. grew its holdings in Mastercard by 45.8% during the second quarter. Financial Management Professionals Inc. now owns 175 shares of the credit services provider’s stock worth $52,000 after acquiring an additional 55 shares during the period. 73.72% of the stock is currently owned by institutional investors and hedge funds.
In other Mastercard news, major shareholder Foundation Mastercard sold 68,670 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 109,933,814 shares of the company’s stock, valued at $33,918,978,971.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Haythornthwaite sold 6,583 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $328.87, for a total value of $2,164,951.21. Following the sale, the director now directly owns 27,432 shares of the company’s stock, valued at approximately $9,021,561.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 263,465 shares of company stock valued at $83,297,010. 3.79% of the stock is owned by insiders.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.21. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the business posted $1.89 earnings per share. The firm’s revenue was down 19.8% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 6.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.60 annualized dividend and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is 20.59%.
MA has been the topic of several analyst reports. Mizuho initiated coverage on Mastercard in a report on Wednesday, August 26th. They set a “buy” rating and a $400.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Mastercard from $320.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Barclays increased their price target on Mastercard from $360.00 to $385.00 and gave the stock an “overweight” rating in a research report on Monday, September 21st. Oppenheimer initiated coverage on Mastercard in a research report on Friday, July 31st. They set a “hold” rating on the stock. Finally, Jefferies Financial Group increased their price target on Mastercard from $305.00 to $330.00 and gave the stock a “hold” rating in a research report on Friday, October 2nd. Five investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $347.81.
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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