Mastercard Incorporated (MA) Holdings Cut by United Services Automobile Association

United Services Automobile Association decreased its position in Mastercard Incorporated (NYSE:MA) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 535,802 shares of the credit services provider’s stock after selling 31,873 shares during the quarter. United Services Automobile Association’s holdings in Mastercard were worth $60,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. GVO Asset Management Ltd grew its holdings in shares of Mastercard by 3.1% in the 1st quarter. GVO Asset Management Ltd now owns 295,369 shares of the credit services provider’s stock valued at $33,252,000 after acquiring an additional 8,950 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in shares of Mastercard by 0.4% in the 1st quarter. Beese Fulmer Investment Management Inc. now owns 83,961 shares of the credit services provider’s stock valued at $9,443,000 after acquiring an additional 310 shares in the last quarter. Howland Capital Management LLC grew its holdings in shares of Mastercard by 78.4% in the 1st quarter. Howland Capital Management LLC now owns 4,505 shares of the credit services provider’s stock valued at $507,000 after acquiring an additional 1,980 shares in the last quarter. Reilly Financial Advisors LLC grew its holdings in shares of Mastercard by 1.1% in the 1st quarter. Reilly Financial Advisors LLC now owns 106,798 shares of the credit services provider’s stock valued at $12,012,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Donald L. Hagan LLC grew its holdings in shares of Mastercard by 1.6% in the 1st quarter. Donald L. Hagan LLC now owns 10,659 shares of the credit services provider’s stock valued at $1,199,000 after acquiring an additional 170 shares in the last quarter. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. Susquehanna Bancshares Inc restated a “positive” rating and issued a $158.00 price objective (up previously from $149.00) on shares of Mastercard in a report on Friday. Instinet restated a “buy” rating and issued a $163.00 price objective (up previously from $153.00) on shares of Mastercard in a report on Saturday. Piper Jaffray Companies restated an “overweight” rating and issued a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a report on Friday. Barclays PLC raised their price objective on Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a report on Friday. Finally, KeyCorp restated a “buy” rating and issued a $150.00 price objective on shares of Mastercard in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $136.78.

In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total value of $11,213,351.64. Following the sale, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,416,827,082.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by insiders.

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Shares of Mastercard Incorporated (NYSE:MA) opened at 137.22 on Friday. The firm has a market capitalization of $146.13 billion, a P/E ratio of 34.05 and a beta of 1.18. The stock has a 50 day moving average of $131.41 and a 200-day moving average of $120.91. Mastercard Incorporated has a 52-week low of $97.49 and a 52-week high of $138.64.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. Mastercard’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $0.96 EPS. Equities analysts expect that Mastercard Incorporated will post $4.40 earnings per share for the current fiscal year.

Mastercard Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)




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