Mastercard Inc (NYSE:MA) Shares Sold by Lenox Wealth Management Inc.

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Lenox Wealth Management Inc. trimmed its position in Mastercard Inc (NYSE:MA) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,982 shares of the credit services provider’s stock after selling 56 shares during the period. Lenox Wealth Management Inc.’s holdings in Mastercard were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Claro Advisors LLC grew its position in Mastercard by 4.1% during the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after purchasing an additional 37 shares during the period. B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of Mastercard by 0.5% during the 3rd quarter. B & T Capital Management DBA Alpha Capital Management now owns 7,284 shares of the credit services provider’s stock worth $1,978,000 after acquiring an additional 37 shares in the last quarter. Bingham Osborn & Scarborough LLC boosted its stake in shares of Mastercard by 4.3% during the 3rd quarter. Bingham Osborn & Scarborough LLC now owns 892 shares of the credit services provider’s stock worth $242,000 after acquiring an additional 37 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Mastercard by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock worth $3,989,000 after acquiring an additional 38 shares in the last quarter. Finally, First Personal Financial Services boosted its stake in shares of Mastercard by 4.8% during the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock worth $220,000 after acquiring an additional 38 shares in the last quarter. 74.21% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard stock traded up $2.10 during midday trading on Friday, reaching $274.89. The company had a trading volume of 2,200,430 shares, compared to its average volume of 3,524,577. The company has a market capitalization of $272.92 billion, a P/E ratio of 42.36, a P/E/G ratio of 2.19 and a beta of 1.04. Mastercard Inc has a 12-month low of $171.89 and a 12-month high of $293.69. The firm’s fifty day simple moving average is $272.40 and its 200-day simple moving average is $267.53. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $2.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.14. The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.41 billion. Mastercard had a net margin of 42.50% and a return on equity of 146.92%. Mastercard’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. On average, analysts expect that Mastercard Inc will post 7.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Tuesday, October 8th. Mastercard’s dividend payout ratio is presently 20.34%.

In other Mastercard news, major shareholder Foundation Mastercard sold 15,890 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $272.06, for a total value of $4,323,033.40. Following the transaction, the insider now directly owns 112,030,712 shares of the company’s stock, valued at approximately $30,479,075,506.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard K. Davis bought 1,735 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average cost of $270.09 per share, for a total transaction of $468,606.15. Following the completion of the purchase, the director now directly owns 6,031 shares in the company, valued at $1,628,912.79. The disclosure for this purchase can be found here. Insiders sold a total of 99,080 shares of company stock worth $27,149,356 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

MA has been the topic of several recent analyst reports. Credit Suisse Group set a $292.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research note on Tuesday, September 10th. UBS Group increased their target price on shares of Mastercard from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Guggenheim set a $305.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research note on Friday, November 1st. ValuEngine lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada set a $315.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $303.45.

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.

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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)

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