NN Investment Partners Holdings N.V. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,838 shares of the credit services provider’s stock after selling 70,721 shares during the period. Mastercard accounts for approximately 1.1% of NN Investment Partners Holdings N.V.’s investment portfolio, making the stock its 17th biggest position. NN Investment Partners Holdings N.V. owned about 0.05% of Mastercard worth $185,800,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Mastercard by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,339,289 shares of the credit services provider’s stock valued at $10,458,136,000 after buying an additional 171,333 shares during the period. Morgan Stanley lifted its holdings in shares of Mastercard by 14.6% in the 4th quarter. Morgan Stanley now owns 17,118,275 shares of the credit services provider’s stock worth $6,110,200,000 after acquiring an additional 2,181,047 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Mastercard by 3.0% during the 4th quarter. Bank of New York Mellon Corp now owns 14,102,981 shares of the credit services provider’s stock worth $5,033,916,000 after buying an additional 413,872 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Mastercard by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 11,216,598 shares of the credit services provider’s stock worth $4,003,395,000 after buying an additional 101,468 shares in the last quarter. Finally, Norges Bank acquired a new stake in Mastercard during the 4th quarter worth approximately $3,290,758,000. 73.64% of the stock is owned by institutional investors.
In other Mastercard news, insider Craig Vosburg sold 10,000 shares of Mastercard stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of $381.70, for a total transaction of $3,817,000.00. Following the transaction, the insider now directly owns 50,449 shares of the company’s stock, valued at $19,256,383.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 2,841 shares of Mastercard stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $385.47, for a total transaction of $1,095,120.27. Following the transaction, the insider now directly owns 6,321 shares in the company, valued at $2,436,555.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 511,123 shares of company stock valued at $172,961,649. 3.79% of the stock is owned by insiders.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.19. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.97 billion. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 6.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 9th will be issued a $0.44 dividend. The ex-dividend date is Thursday, April 8th. This represents a $1.76 dividend on an annualized basis and a yield of 0.47%. Mastercard’s payout ratio is 22.65%.
A number of research firms have issued reports on MA. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mastercard from $383.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Truist increased their price objective on shares of Mastercard from $415.00 to $450.00 in a research report on Friday, March 5th. Macquarie increased their price objective on shares of Mastercard from $385.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group increased their target price on shares of Mastercard from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Friday. Finally, Sanford C. Bernstein began coverage on shares of Mastercard in a research report on Wednesday, January 27th. They issued an “outperform” rating and a $380.00 target price on the stock. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $382.26.
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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