Great West Life Assurance Co. Can trimmed its holdings in Mastercard Inc (NYSE:MA) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,259,035 shares of the credit services provider’s stock after selling 95,393 shares during the quarter. Mastercard makes up about 0.7% of Great West Life Assurance Co. Can’s holdings, making the stock its 29th biggest position. Great West Life Assurance Co. Can owned 0.12% of Mastercard worth $280,534,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in MA. Baker Ellis Asset Management LLC purchased a new stake in shares of Mastercard during the 3rd quarter worth $104,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Mastercard during the 2nd quarter worth $109,000. Fort L.P. purchased a new stake in shares of Mastercard during the 2nd quarter worth $120,000. Point72 Hong Kong Ltd purchased a new stake in shares of Mastercard during the 2nd quarter worth $131,000. Finally, Bogart Wealth LLC boosted its position in shares of Mastercard by 434.7% during the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 539 shares in the last quarter. 74.52% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Richard K. Davis bought 2,475 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was purchased at an average price of $196.37 per share, with a total value of $486,015.75. Following the purchase, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.
Several brokerages have commented on MA. Royal Bank of Canada boosted their target price on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Wells Fargo & Co boosted their target price on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. BMO Capital Markets boosted their target price on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Zacks Investment Research restated a “buy” rating and set a $210.00 target price on shares of Mastercard in a research report on Tuesday, November 13th. Finally, Credit Suisse Group boosted their target price on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $220.55.
Mastercard stock opened at $201.07 on Monday. Mastercard Inc has a 52 week low of $140.61 and a 52 week high of $225.35. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $207.66 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.22.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, topping the consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts forecast that Mastercard Inc will post 6.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, October 5th. Mastercard’s payout ratio is 21.83%.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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