Colony Group LLC Reduces Holdings in Mastercard Inc (NYSE:MA)

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Colony Group LLC lessened its position in Mastercard Inc (NYSE:MA) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,263 shares of the credit services provider’s stock after selling 3,492 shares during the period. Mastercard comprises approximately 1.4% of Colony Group LLC’s holdings, making the stock its 12th biggest holding. Colony Group LLC’s holdings in Mastercard were worth $25,992,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Mastercard during the 2nd quarter worth about $109,000. Fort L.P. bought a new stake in Mastercard during the 2nd quarter worth about $120,000. Carroll Financial Associates Inc. raised its holdings in Mastercard by 87.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Mastercard during the 2nd quarter worth about $131,000. Finally, Financial Gravity Wealth Inc. acquired a new position in shares of Mastercard during the 1st quarter worth about $133,000. Institutional investors own 74.36% of the company’s stock.

Several equities analysts have recently issued reports on the company. Wells Fargo & Co boosted their target price on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. BMO Capital Markets assumed coverage on Mastercard in a research report on Wednesday, September 26th. They set an “outperform” rating and a $238.00 target price for the company. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. Royal Bank of Canada boosted their price objective on Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Raymond James began coverage on Mastercard in a research report on Tuesday, July 24th. They issued an “outperform” rating and a $244.00 price objective for the company. Three analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $215.12.

In related news, CFO Martina Hundmejean sold 69,817 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $200.35, for a total value of $13,987,835.95. Following the sale, the chief financial officer now owns 128,905 shares in the company, valued at approximately $25,826,116.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

MA traded up $9.71 during trading hours on Friday, reaching $204.22. The company’s stock had a trading volume of 6,154,453 shares, compared to its average volume of 3,663,991. Mastercard Inc has a 52 week low of $140.61 and a 52 week high of $225.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11. The stock has a market cap of $231.17 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.13. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. Equities analysts forecast that Mastercard Inc will post 6.41 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.

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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