Personal Resources Investment & Strategic Management Inc. lessened its holdings in Mastercard Incorporated (NYSE:MA) by 27.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,100 shares of the credit services provider’s stock after selling 415 shares during the period. Personal Resources Investment & Strategic Management Inc.’s holdings in Mastercard were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Mastercard by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,617,293 shares of the credit services provider’s stock worth $4,026,634,000 after buying an additional 767,923 shares during the period. Akre Capital Management LLC increased its position in Mastercard by 1.7% during the 2nd quarter. Akre Capital Management LLC now owns 5,883,862 shares of the credit services provider’s stock worth $1,739,858,000 after buying an additional 97,575 shares during the period. Bank of America Corp DE increased its position in Mastercard by 0.5% during the 2nd quarter. Bank of America Corp DE now owns 5,278,002 shares of the credit services provider’s stock worth $1,560,705,000 after buying an additional 25,546 shares during the period. Nordea Investment Management AB increased its position in Mastercard by 146.6% during the 2nd quarter. Nordea Investment Management AB now owns 4,398,140 shares of the credit services provider’s stock worth $1,287,820,000 after buying an additional 2,614,737 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Mastercard by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,212,512 shares of the credit services provider’s stock worth $1,245,640,000 after buying an additional 62,317 shares during the period. Institutional investors and hedge funds own 73.72% of the company’s stock.

Several research firms have weighed in on MA. Oppenheimer began coverage on Mastercard in a research report on Friday, July 31st. They set a “hold” rating on the stock. 140166 increased their target price on Mastercard from $360.00 to $395.00 and gave the stock a “positive” rating in a report on Thursday, September 10th. Raymond James increased their target price on Mastercard from $301.00 to $351.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Bank of America increased their target price on Mastercard from $324.00 to $358.00 and gave the stock a “neutral” rating in a report on Thursday, August 27th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Mastercard from $320.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Mastercard has an average rating of “Buy” and an average target price of $347.81.

Shares of MA traded up $0.83 during mid-day trading on Friday, reaching $339.40. 3,326,354 shares of the company were exchanged, compared to its average volume of 4,906,209. Mastercard Incorporated has a 52 week low of $199.99 and a 52 week 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. The stock has a market capitalization of $339.76 billion, a PE ratio of 46.94, a PEG ratio of 2.94 and a beta of 1.11. The business has a 50 day simple moving average of $341.23 and a two-hundred day simple moving average of $305.61.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $1.36 earnings per share (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 company 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 company earned $1.89 earnings per share. The firm’s revenue was down 19.8% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 6.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, October 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is 20.59%.

In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $307.29, for a total value of $1,536,450.00. Following the completion of the sale, the director now directly owns 32,573 shares in the company, valued at $10,009,357.17. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ajay Banga sold 61,067 shares of Mastercard stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $315.89, for a total value of $19,290,454.63. Following the completion of the sale, the chief executive officer now owns 384,371 shares of the company’s stock, valued at $121,418,955.19. The disclosure for this sale can be found here. Insiders have sold 263,465 shares of company stock valued at $83,297,010 over the last 90 days. 3.79% of the stock is owned by corporate insiders.

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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