Nan Shan Life Insurance Co. Ltd. Decreases Stake in Mastercard Incorporated $MA

Key Points

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Nan Shan Life Insurance Co. Ltd. lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 29.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,100 shares of the credit services provider's stock after selling 26,227 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Mastercard were worth $35,134,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the 4th quarter worth approximately $31,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $31,000. Navigoe LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $33,000. 10Elms LLP purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $33,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley increased their target price on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. UBS Group increased their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. TD Cowen reissued a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $617.93.

Mastercard Price Performance

NYSE MA traded up $6.2280 during mid-day trading on Friday, hitting $598.1480. The stock had a trading volume of 2,388,839 shares, compared to its average volume of 2,623,511. The firm's 50 day moving average is $564.03 and its 200 day moving average is $555.73. Mastercard Incorporated has a twelve month low of $461.90 and a twelve month high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $540.73 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.43 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the company earned $3.50 EPS. The company's revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

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.