BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,740 shares of the credit services provider’s stock after buying an additional 11,590 shares during the period. Mastercard makes up 1.4% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s portfolio, making the stock its 12th biggest position. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Mastercard were worth $166,630,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Carolina Wealth Advisors LLC bought a new position in shares of Mastercard in the third quarter worth about $30,000. Newfound Research LLC bought a new stake in Mastercard during the 3rd quarter valued at approximately $34,000. Larson Financial Group LLC grew its holdings in Mastercard by 55.2% during the 3rd quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock valued at $35,000 after buying an additional 37 shares in the last quarter. Avion Wealth purchased a new position in Mastercard during the 3rd quarter valued at approximately $37,000. Finally, Evolution Wealth Advisors LLC grew its holdings in Mastercard by 530.4% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 145 shares of the credit services provider’s stock valued at $43,000 after buying an additional 122 shares in the last quarter. 73.72% of the stock is currently owned by institutional investors.
In other news, insider Kevin Stanton sold 29,117 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $340.21, for a total value of $9,905,894.57. Following the completion of the transaction, the insider now directly owns 28,122 shares of the company’s stock, valued at approximately $9,567,385.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 60,210 shares of the business’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $337.09, for a total value of $20,296,188.90. Over the last three months, insiders sold 550,868 shares of company stock valued at $175,693,281. Corporate insiders own 3.79% of the company’s stock.
Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, October 28th. The credit services provider reported $1.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.05). Mastercard had a return on equity of 114.80% and a net margin of 43.13%. As a group, research analysts anticipate that Mastercard Incorporated will post 6.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 9th. Stockholders of record on Friday, October 9th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Thursday, October 8th. Mastercard’s payout ratio is 20.59%.
Several equities analysts have weighed in on the company. KeyCorp cut their price target on Mastercard from $365.00 to $325.00 and set an “overweight” rating for the company in a report on Monday, November 2nd. Wells Fargo & Company restated a “buy” rating on shares of Mastercard in a report on Friday, October 9th. Morgan Stanley raised their price target on Mastercard from $338.00 to $359.00 and gave the company an “overweight” rating in a report on Monday, October 26th. Royal Bank of Canada cut their price target on Mastercard from $350.00 to $372.00 in a report on Thursday, October 29th. Finally, Barclays raised their price target on Mastercard from $360.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, September 21st. Five analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $348.18.
Mastercard Company Profile
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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