Meeder Asset Management INC Lowered Stake in Mastercard INC (MA) as Valuation Rose

September 16, 2018 - By Vernon Rice

Mastercard Incorporated (NYSE:MA) LogoInvestors sentiment increased to 0.96 in 2018 Q2. Its up 0.10, from 0.86 in 2018Q1. It improved, as 44 investors sold MA shares while 504 reduced holdings. 131 funds opened positions while 394 raised stakes. 741.07 million shares or 1.28% less from 750.68 million shares in 2018Q1 were reported. Maltese Capital Ltd Liability invested 0.59% in Mastercard Incorporated (NYSE:MA). Renaissance Llc owns 154,469 shares or 1.08% of their US portfolio. 43,010 were reported by Mogy Joel R Invest Counsel Inc. Illinois-based Banced Corporation has invested 1.87% in Mastercard Incorporated (NYSE:MA). Daiwa Secs Grp holds 53,751 shares or 0.08% of its portfolio. Edmp has 0.32% invested in Mastercard Incorporated (NYSE:MA). Cannell Peter B And Co Inc reported 0.05% of its portfolio in Mastercard Incorporated (NYSE:MA). Harvey Inv Limited Liability Co has invested 1.5% of its portfolio in Mastercard Incorporated (NYSE:MA). Field Main Bankshares has invested 0.05% in Mastercard Incorporated (NYSE:MA). Sumitomo Mitsui Tru Inc holds 0.7% or 3.05M shares in its portfolio. Research Investors has 17.60M shares. 2.42M were accumulated by Polen Cap Lc. Chesley Taft & Associate Ltd Company reported 65,160 shares. Northstar Investment Advsr Ltd Llc reported 0.05% in Mastercard Incorporated (NYSE:MA). Blair William And Il holds 1.14M shares or 1.52% of its portfolio.

Since March 19, 2018, it had 0 insider buys, and 5 insider sales for $50.00 million activity. The insider Vosburg Craig sold 17,496 shares worth $3.25M. On Thursday, May 3 the insider BANGA AJAY sold $44.45M. Murphy Timothy H sold $5.53M worth of Mastercard Incorporated (NYSE:MA) on Monday, March 19. $866,104 worth of Mastercard Incorporated (NYSE:MA) was sold by Haythornthwaite Richard.

Meeder Asset Management Inc decreased its stake in Mastercard Inc. (MA) by 0.38% based on its latest 2018Q2 regulatory filing with the SEC. Meeder Asset Management Inc sold 194 shares as the company’s stock rose 7.33% with the market. The institutional investor held 50,448 shares of the business services company at the end of 2018Q2, valued at $9.91 billion, down from 50,642 at the end of the previous reported quarter. Meeder Asset Management Inc who had been investing in Mastercard Inc. for a number of months, seems to be less bullish one the $226.34B market cap company. The stock increased 0.34% or $0.74 during the last trading session, reaching $217.96. About 2.64 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 50.28% since September 16, 2017 and is uptrending. It has outperformed by 34.66% the S&P500.

Meeder Asset Management Inc, which manages about $3.85 billion and $1160.95 billion US Long portfolio, upped its stake in Silvercrest Asset Mg (NASDAQ:SAMG) by 254 shares to 927 shares, valued at $15.11M in 2018Q2, according to the filing. It also increased its holding in Lear Corp. (NYSE:LEA) by 4,778 shares in the quarter, for a total of 27,179 shares, and has risen its stake in Sutherland Asset Man.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on October, 30. They expect $1.68 earnings per share, up 25.37 % or $0.34 from last year’s $1.34 per share. MA’s profit will be $1.74B for 32.43 P/E if the $1.68 EPS becomes a reality. After $1.66 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 1.20 % EPS growth.

More important recent Mastercard Incorporated (NYSE:MA) news were published by: Fool.com which released: “3 Top Fintech Stocks to Watch in September” on September 16, 2018, also Seekingalpha.com published article titled: “Mastercard, Inc. (MA) Management Presents at Deutsche Bank’s Technology Conference (Transcript)”, Fool.com published: “Why US Counterfeit Credit Card Fraud Is Down 75%” on September 16, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) was released by: Nasdaq.com and their article: “Mastercard Stock Has Double-Digit Growth on Tap” with publication date: September 14, 2018.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 13 analysts covering Mastercard (NYSE:MA), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Mastercard had 19 analyst reports since March 27, 2018 according to SRatingsIntel. The company was maintained on Tuesday, June 26 by Buckingham Research. UBS initiated the stock with “Hold” rating in Thursday, May 17 report. Wells Fargo maintained the shares of MA in report on Thursday, March 29 with “Buy” rating. Wells Fargo maintained the shares of MA in report on Thursday, July 12 with “Outperform” rating. Raymond James maintained Mastercard Incorporated (NYSE:MA) rating on Tuesday, July 24. Raymond James has “Outperform” rating and $244 target. The stock of Mastercard Incorporated (NYSE:MA) earned “Buy” rating by Bernstein on Tuesday, March 27. JP Morgan maintained the stock with “Overweight” rating in Friday, July 27 report. The stock of Mastercard Incorporated (NYSE:MA) has “Buy” rating given on Monday, April 23 by Susquehanna. KeyBanc Capital Markets maintained the shares of MA in report on Friday, May 4 with “Overweight” rating. The stock of Mastercard Incorporated (NYSE:MA) earned “Overweight” rating by Morgan Stanley on Thursday, May 3.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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