Fiera Capital Corp Sells 248,936 Shares of Mastercard Incorporated (NYSE:MA)

Fiera Capital Corp cut its holdings in Mastercard Incorporated (NYSE:MA) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,587,415 shares of the credit services provider’s stock after selling 248,936 shares during the quarter. Mastercard comprises 3.6% of Fiera Capital Corp’s holdings, making the stock its 6th biggest position. Fiera Capital Corp’s holdings in Mastercard were worth $1,141,464,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MA. Intech Investment Management LLC lifted its position in Mastercard by 15.6% during the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock worth $10,429,000 after buying an additional 3,306 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in Mastercard by 0.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 62,553 shares of the credit services provider’s stock valued at $26,680,000 after purchasing an additional 438 shares during the last quarter. Brevan Howard Capital Management LP boosted its position in Mastercard by 213.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after purchasing an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise grew its stake in Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after purchasing an additional 2,676 shares in the last quarter. Finally, NEOS Investment Management LLC increased its position in shares of Mastercard by 42.0% during the 4th quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock worth $5,000,000 after purchasing an additional 3,469 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

Shares of NYSE:MA opened at $483.34 on Tuesday. The company has a 50-day moving average price of $453.73 and a two-hundred day moving average price of $459.14. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $446.53 billion, a PE ratio of 38.42, a P/E/G ratio of 1.90 and a beta of 1.09.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio is 20.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. KeyCorp boosted their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday. Finally, Susquehanna increased their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $510.26.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,406,959 shares of company stock worth $638,333,126 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

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.