Janus Henderson Group PLC Sells 345,195 Shares of Mastercard Incorporated (NYSE:MA)

Janus Henderson Group PLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,194,835 shares of the credit services provider’s stock after selling 345,195 shares during the period. Mastercard comprises 1.8% of Janus Henderson Group PLC’s portfolio, making the stock its 8th largest holding. Janus Henderson Group PLC owned about 0.78% of Mastercard worth $3,552,723,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Highline Wealth Partners LLC bought a new position in Mastercard in the third quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 2nd quarter worth $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard during the second quarter worth about $35,000. First Personal Financial Services acquired a new stake in Mastercard in the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC boosted its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $531.08 on Tuesday. The firm has a market capitalization of $487.44 billion, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s fifty day simple moving average is $510.37 and its 200 day simple moving average is $476.43. Mastercard Incorporated has a 12 month low of $404.32 and a 12 month high of $535.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the business earned $3.39 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, analysts anticipate that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s payout ratio is currently 19.97%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. KeyCorp boosted their target price on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. UBS Group raised their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley raised their price target on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Macquarie upped their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

About Mastercard

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.