Mastercard Incorporated (NYSE:MA) Stake Lowered by Logan Capital Management Inc.

Logan Capital Management Inc. lowered its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,742 shares of the credit services provider's stock after selling 2,122 shares during the quarter. Mastercard makes up 2.1% of Logan Capital Management Inc.'s holdings, making the stock its 7th largest position. Logan Capital Management Inc.'s holdings in Mastercard were worth $50,240,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MA. Temasek Holdings Private Ltd raised its position in shares of Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider's stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the last quarter. Sarasin & Partners LLP increased its stake in Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider's stock worth $410,813,000 after buying an additional 37,486 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider's stock valued at $1,497,160,000 after acquiring an additional 138,842 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider's stock valued at $2,474,151,000 after acquiring an additional 100,550 shares during the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Mastercard in the second quarter valued at approximately $6,850,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Compass Point started coverage on Mastercard in a research note on Wednesday, September 4th. They issued a "neutral" rating and a $525.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mastercard from $510.00 to $580.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Susquehanna boosted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. UBS Group increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Morgan Stanley boosted their target price on Mastercard from $544.00 to $564.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average target price of $559.28.

Mastercard Trading Down 0.6 %

MA traded down $3.41 during mid-day trading on Friday, hitting $529.00. 1,608,196 shares of the stock were exchanged, compared to its average volume of 2,454,107. The company has a market cap of $485.53 billion, a PE ratio of 40.02, a PEG ratio of 2.38 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm's fifty day moving average is $517.23 and its two-hundred day moving average is $481.15. Mastercard Incorporated has a 1-year low of $411.60 and a 1-year high of $536.75.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.39 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard's dividend payout ratio (DPR) is 19.97%.

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.