Mastercard Incorporated (NYSE:MA) Position Lessened by ClariVest Asset Management LLC

ClariVest Asset Management LLC trimmed its stake in Mastercard Incorporated (NYSE:MA) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,604 shares of the credit services provider’s stock after selling 162 shares during the quarter. Mastercard makes up about 0.7% of ClariVest Asset Management LLC’s investment portfolio, making the stock its 19th largest holding. ClariVest Asset Management LLC’s holdings in Mastercard were worth $6,443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Intech Investment Management LLC grew its position in Mastercard by 15.6% in the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after buying an additional 3,306 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in Mastercard by 0.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 62,553 shares of the credit services provider’s stock valued at $26,680,000 after buying an additional 438 shares in the last quarter. Brevan Howard Capital Management LP raised its position in Mastercard by 213.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after acquiring an additional 5,756 shares in the last quarter. Banque Cantonale Vaudoise lifted its holdings in Mastercard by 6.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after acquiring an additional 2,676 shares during the last quarter. Finally, NEOS Investment Management LLC boosted its position in shares of Mastercard by 42.0% during the 4th quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after purchasing an additional 3,469 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $488.02 on Wednesday. The stock has a market capitalization of $453.67 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $458.12 and its 200-day simple moving average is $459.86. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Ratings Changes

A number of analysts recently weighed in on MA shares. TD Cowen raised their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Barclays boosted their price target on shares of Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.88.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold 943,467 shares of company stock worth $431,056,895 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.