Crow Point Partners LLC Invests $8,142,000 in Mastercard Incorporated (MA)

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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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%.

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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.

About Mastercard

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.

5 Day Chart for NYSE:MA

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).

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