Crow Point Partners LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, Holdings Channel reports. The firm purchased 80,000 shares of the company’s stock, valued at approximately $8,142,000. Mastercard accounts for approximately 1.3% of Crow Point Partners LLC’s holdings, making the stock its 24th largest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new position in shares of Mastercard during the third quarter worth about $405,125,000. Capital Research Global Investors raised its position in shares of Mastercard by 61.0% in the third quarter. Capital Research Global Investors now owns 7,013,658 shares of the company’s stock worth $713,780,000 after buying an additional 2,656,656 shares during the last quarter. Samlyn Capital LLC acquired a new position in shares of Mastercard during the third quarter worth about $119,438,000. Generation Investment Management LLP raised its position in shares of Mastercard by 32.1% in the third quarter. Generation Investment Management LLP now owns 4,070,098 shares of the company’s stock worth $414,214,000 after buying an additional 989,825 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Mastercard by 10.8% in the second quarter. BlackRock Group LTD now owns 10,031,237 shares of the company’s stock worth $883,352,000 after buying an additional 977,812 shares during the last quarter. Institutional investors and hedge funds own 75.53% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at 107.27 on Monday. Mastercard Incorporated has a 12 month low of $84.59 and a 12 month high of $111.07. The company has a market cap of $115.96 billion, a price-to-earnings ratio of 29.07 and a beta of 1.26. The firm has a 50-day moving average of $107.22 and a 200 day moving average of $102.36.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, January 31st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Mastercard had a net margin of 37.67% and a return on equity of 71.09%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. On average, analysts expect that Mastercard Incorporated will post $4.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, April 5th. This represents a $0.88 annualized dividend and a yield of 0.82%. Mastercard’s dividend payout ratio (DPR) is presently 23.85%.
A number of brokerages have issued reports on MA. Barclays PLC decreased their target price on shares of Mastercard to $124.00 in a research report on Wednesday, February 1st. RBC Capital Markets decreased their target price on shares of Mastercard from $130.00 to $125.00 and set a “top pick” rating on the stock in a research report on Wednesday, February 1st. Royal Bank Of Canada decreased their target price on shares of Mastercard from $130.00 to $125.00 and set a “top pick” rating on the stock in a research report on Wednesday, February 1st. Vetr upgraded shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $123.04 target price on the stock in a research report on Monday, January 30th. Finally, Wedbush began coverage on shares of Mastercard in a research report on Friday, January 20th. They set an “outperform” rating and a $126.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $115.19.
In other Mastercard news, insider Ann Cairns sold 6,950 shares of the business’s stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $110.00, for a total transaction of $764,500.00. Following the sale, the insider now directly owns 39,041 shares of the company’s stock, valued at approximately $4,294,510. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 72,624 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $103.28, for a total transaction of $7,500,606.72. Following the sale, the insider now directly owns 114,229,627 shares in the company, valued at $11,797,635,876.56. The disclosure for this sale can be found here. Insiders have sold a total of 1,423,115 shares of company stock worth $153,127,043 over the last three months. Insiders own 3.14% of the company’s stock.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/crow-point-partners-llc-invests-8142000-in-mastercard-incorporated-ma/1657715.html
Receive News & Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.