BI Asset Management Fondsmaeglerselskab A S Has $168.95 Million Holdings in Mastercard Incorporated $MA

Key Points

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BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 308,240 shares of the credit services provider's stock after purchasing an additional 10,001 shares during the quarter. Mastercard accounts for 1.9% of BI Asset Management Fondsmaeglerselskab A S's holdings, making the stock its 8th biggest holding. BI Asset Management Fondsmaeglerselskab A S's holdings in Mastercard were worth $168,953,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $31,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth $31,000. 10Elms LLP acquired a new stake in shares of Mastercard during the 4th quarter worth $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $34,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock valued at $30,634,699 over the last ninety days. Insiders own 0.09% of the company's stock.

Mastercard Trading Up 1.1%

Shares of MA stock traded up $6.2280 during mid-day trading on Friday, reaching $598.1480. 2,388,839 shares of the stock traded hands, compared to its average volume of 2,623,511. The stock's fifty day simple moving average is $564.03 and its two-hundred day simple moving average is $555.73. Mastercard Incorporated has a 1-year low of $461.90 and a 1-year high of $601.77. The company has a market cap of $540.73 billion, a price-to-earnings ratio of 40.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating 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 firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the firm posted $3.50 earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective on the stock. Wells Fargo & Company raised their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. TD Cowen reaffirmed a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada raised their price objective on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $617.93.

Mastercard 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.