Hartford Investment Management Co. Has $25.62 Million Holdings in Mastercard Incorporated (NYSE:MA)

Hartford Investment Management Co. decreased its position in Mastercard Incorporated (NYSE:MA) by 1.3% in the third quarter, HoldingsChannel reports. The firm owned 51,879 shares of the credit services provider’s stock after selling 688 shares during the period. Mastercard accounts for about 0.8% of Hartford Investment Management Co.’s investment portfolio, making the stock its 17th biggest holding. Hartford Investment Management Co.’s holdings in Mastercard were worth $25,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the second quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter worth about $35,000. Lowe Wealth Advisors LLC raised its stake in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Finally, VitalStone Financial LLC grew its stake in shares of Mastercard by 55.0% in the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock valued at $45,000 after buying an additional 33 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded up $0.14 on Wednesday, hitting $513.16. The stock had a trading volume of 67,629 shares, compared to its average volume of 2,427,340. The company has a market capitalization of $477.04 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50 day moving average price is $489.16 and its 200-day moving average price is $464.58. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. On average, equities research analysts predict that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. TD Cowen lifted their target price 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. BMO Capital Markets reissued an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. Argus upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

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.