Aviance Capital Partners LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,690 shares of the credit services provider’s stock after acquiring an additional 90 shares during the period. Aviance Capital Partners LLC’s holdings in Mastercard were worth $752,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Cookson Peirce & Co. Inc. raised its stake in shares of Mastercard by 1.2% during the first quarter. Cookson Peirce & Co. Inc. now owns 13,441 shares of the credit services provider’s stock valued at $1,512,000 after acquiring an additional 160 shares during the last quarter. Adviser Investments LLC bought a new position in shares of Mastercard during the first quarter valued at about $727,000. Linscomb & Williams Inc. raised its stake in shares of Mastercard by 5.7% during the first quarter. Linscomb & Williams Inc. now owns 11,223 shares of the credit services provider’s stock valued at $1,262,000 after acquiring an additional 603 shares during the last quarter. UMB Bank N A MO raised its stake in shares of Mastercard by 3.0% during the first quarter. UMB Bank N A MO now owns 170,060 shares of the credit services provider’s stock valued at $19,127,000 after acquiring an additional 4,905 shares during the last quarter. Finally, Norinchukin Bank The raised its stake in shares of Mastercard by 3.2% during the first quarter. Norinchukin Bank The now owns 109,481 shares of the credit services provider’s stock valued at $12,313,000 after acquiring an additional 3,420 shares during the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Foundation Mastercard sold 87,623 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total value of $11,333,158.82. Following the completion of the sale, the insider now directly owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is currently owned by insiders.
Shares of Mastercard Incorporated (MA) traded down 0.40% during midday trading on Friday, hitting $140.90. 3,343,077 shares of the company were exchanged. The company has a 50-day moving average price of $132.73 and a 200-day moving average price of $121.80. The stock has a market capitalization of $150.04 billion, a price-to-earnings ratio of 34.96 and a beta of 1.18. Mastercard Incorporated has a 52-week low of $98.59 and a 52-week high of $143.52.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. On average, analysts forecast that Mastercard Incorporated will post $4.43 EPS for the current year.
Several brokerages recently issued reports on MA. BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and increased their price target for the company from $135.00 to $153.00 in a report on Monday. Citigroup Inc. increased their price target on shares of Mastercard from $123.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 19th. Vetr lowered shares of Mastercard from a “hold” rating to a “sell” rating and set a $115.30 target price for the company. in a report on Monday, May 22nd. Finally, BMO Capital Markets lifted their price objective on shares of Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $138.43.
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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.
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