OVERSEA CHINESE BANKING Corp Ltd Sells 6,414 Shares of Mastercard Incorporated (NYSE:MA)

OVERSEA CHINESE BANKING Corp Ltd trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,655 shares of the credit services provider’s stock after selling 6,414 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Mastercard were worth $27,470,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its stake in Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Swedbank AB acquired a new position in Mastercard during the 1st quarter valued at $660,652,000. PineStone Asset Management Inc. raised its stake in Mastercard by 145.6% during the 2nd quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock valued at $784,148,000 after purchasing an additional 1,053,616 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Mastercard during the 2nd quarter valued at $259,071,000. Finally, Capital World Investors raised its stake in Mastercard by 13.3% during the 1st quarter. Capital World Investors now owns 3,293,617 shares of the credit services provider’s stock valued at $1,586,107,000 after purchasing an additional 387,317 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Macquarie increased their price objective on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Robert W. Baird increased their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $540.17.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock worth $153,495,958 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.0 %

Shares of NYSE MA opened at $530.12 on Tuesday. The firm has a market capitalization of $486.56 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. The firm’s 50-day moving average is $500.61 and its 200-day moving average is $469.41. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1 year low of $393.02 and a 1 year high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the company posted $3.39 EPS. Equities analysts expect that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio 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.