ProVise Management Group LLC Has $2.73 Million Holdings in Mastercard Incorporated (NYSE:MA)

ProVise Management Group LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,193 shares of the credit services provider’s stock after selling 51 shares during the period. ProVise Management Group LLC’s holdings in Mastercard were worth $2,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Intech Investment Management LLC grew its stake in shares of Mastercard by 15.6% during the fourth quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after purchasing an additional 3,306 shares during the last quarter. Brevan Howard Capital Management LP boosted its position in Mastercard by 213.2% in the 4th quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after buying an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Mastercard by 6.9% in the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after buying an additional 2,676 shares during the period. NEOS Investment Management LLC raised its position in shares of Mastercard by 42.0% during the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock worth $5,000,000 after acquiring an additional 3,469 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its stake in shares of Mastercard by 96.8% during the fourth quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock valued at $253,144,000 after acquiring an additional 292,064 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MA. Susquehanna raised their target price on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. Royal Bank of Canada upped their target price on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. KeyCorp raised their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays upped their price objective on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America boosted their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $512.08.

Mastercard Stock Down 0.4 %

Shares of MA opened at $493.01 on Friday. The firm has a market cap of $458.31 billion, a P/E ratio of 39.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80. The firm’s 50-day simple moving average is $465.19 and its 200 day simple moving average is $460.98.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, analysts forecast that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 131,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the transaction, the insider now directly owns 92,426,308 shares of the company’s stock, valued at $42,466,191,473.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 131,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $459.46, for a total value of $60,189,260.00. Following the completion of the transaction, the insider now directly owns 92,426,308 shares of the company’s stock, valued at approximately $42,466,191,473.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 605,124 shares of company stock valued at $280,045,189. 0.10% of the stock is owned by company insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.