Mastercard Incorporated (NYSE:MA) Holdings Reduced by ClariVest Asset Management LLC

ClariVest Asset Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 348,173 shares of the credit services provider’s stock after selling 46,074 shares during the period. Mastercard makes up about 1.1% of ClariVest Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. ClariVest Asset Management LLC’s holdings in Mastercard were worth $49,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Massey Quick Simon & CO. LLC bought a new position in Mastercard in the third quarter valued at $102,000. Chicago Partners Investment Group LLC grew its position in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. grew its position in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares in the last quarter. Proficio Capital Partners LLC grew its position in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Mastercard in the second quarter valued at $121,000. 75.61% of the stock is owned by institutional investors.

Shares of Mastercard Incorporated (NYSE:MA) opened at $162.29 on Wednesday. Mastercard Incorporated has a 12 month low of $104.01 and a 12 month high of $163.94. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market cap of $171,810.00, a PE ratio of 37.83, a price-to-earnings-growth ratio of 1.84 and a beta of 1.21.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s revenue was up 18.1% on a year-over-year basis. equities analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

Mastercard declared that its board has approved a stock repurchase plan on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, January 8th. This represents a $1.00 annualized dividend and a yield of 0.62%. Mastercard’s payout ratio is 23.31%.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by insiders.

A number of research analysts recently weighed in on MA shares. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Citigroup raised their target price on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. SunTrust Banks increased their price target on shares of Mastercard to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co upgraded shares of Mastercard from a “market perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $160.00 in a research note on Wednesday, October 11th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Mastercard has an average rating of “Buy” and a consensus target price of $161.82.

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Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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