Quantbot Technologies LP Sells 2,645 Shares of Mastercard Incorporated (NYSE:MA)

Quantbot Technologies LP lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 52.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,410 shares of the credit services provider’s stock after selling 2,645 shares during the quarter. Quantbot Technologies LP’s holdings in Mastercard were worth $1,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter valued at about $34,000. First Personal Financial Services acquired a new stake in Mastercard in the third quarter worth about $39,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC increased its holdings in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’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 transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MA shares. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Barclays lifted their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Finally, KeyCorp lifted their target price on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Performance

NYSE:MA opened at $532.94 on Friday. The company has a fifty day moving average of $510.37 and a two-hundred day moving average of $476.31. Mastercard Incorporated has a fifty-two week low of $404.32 and a fifty-two week high of $535.77. The stock has a market capitalization of $489.15 billion, a PE ratio of 40.31, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

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

Mastercard Announces Dividend

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

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.