Mastercard Inc (MA) Stake Lessened by Axiom International Investors LLC DE

Share on StockTwits

Axiom International Investors LLC DE lowered its stake in shares of Mastercard Inc (NYSE:MA) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,723 shares of the credit services provider’s stock after selling 491 shares during the quarter. Axiom International Investors LLC DE’s holdings in Mastercard were worth $7,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new stake in Mastercard in the third quarter valued at approximately $104,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Mastercard in the 2nd quarter worth approximately $109,000. Fort L.P. purchased a new stake in Mastercard in the 2nd quarter worth approximately $120,000. Point72 Hong Kong Ltd purchased a new stake in Mastercard in the 2nd quarter worth approximately $131,000. Finally, Bogart Wealth LLC boosted its position in Mastercard by 434.7% in the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.

In other Mastercard news, Director Richard K. Davis bought 2,475 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, for a total transaction of $486,015.75. Following the transaction, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

MA has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research report on Monday, September 17th. BMO Capital Markets initiated coverage on Mastercard in a research report on Wednesday, September 26th. They issued an “outperform” rating and a $238.00 price objective on the stock. Wells Fargo & Co upped their price objective on Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Finally, Credit Suisse Group upped their price objective on Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Mastercard has an average rating of “Buy” and a consensus target price of $221.28.

Shares of NYSE:MA opened at $196.50 on Friday. Mastercard Inc has a 1 year low of $149.17 and a 1 year high of $225.35. The company has a market cap of $207.06 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm posted $1.34 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that Mastercard Inc will post 6.43 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 4th that allows the company to buyback $6.50 million in outstanding shares. This buyback authorization allows the credit services provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be given a dividend of $0.33 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is 21.83%.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://baseballnewssource.com/2018/12/08/mastercard-inc-ma-stake-lessened-by-axiom-international-investors-llc-de/3063873.html.

About Mastercard

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.

Further Reading: What is a Candlestick Chart?

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.