Swedbank Lowered Its Mastercard INC (MA) Holding by $26.88 Million as Valuation Rose

March 17, 2018 - By Darrin Black

Investors sentiment increased to 0.89 in 2017 Q3. Its up 0.01, from 0.88 in 2017Q2. It increased, as 39 investors sold MA shares while 488 reduced holdings. 103 funds opened positions while 367 raised stakes. 779.91 million shares or 1.33% less from 790.40 million shares in 2017Q2 were reported. 1,964 are owned by Cornerstone Advisors. Oregon Employees Retirement Fund reported 294,342 shares. Quantitative Invest Mngmt Lc reported 104,600 shares or 0.17% of all its holdings. Busey Tru reported 67,557 shares. Blackrock reported 61.35M shares. Ingalls And Snyder Limited Liability accumulated 17,176 shares. Ameriprise Financial Inc holds 9.23M shares or 0.62% of its portfolio. Connor Clark & Lunn Inv Mngmt owns 0.23% invested in Mastercard Incorporated (NYSE:MA) for 273,020 shares. Lazard Asset Mngmt Limited Com holds 385,336 shares or 0.11% of its portfolio. Lincoln National Corporation has invested 0.04% in Mastercard Incorporated (NYSE:MA). Cornerstone Mgmt Ltd Co holds 406,024 shares. Point72 Asset Management Limited Partnership holds 0.22% or 354,295 shares in its portfolio. Jarislowsky Fraser Ltd invested in 0.39% or 463,206 shares. Fred Alger Mngmt Incorporated holds 0% or 144 shares. Parsons Capital Mngmt Ri holds 0.47% or 28,390 shares in its portfolio.

Since September 21, 2017, it had 0 insider purchases, and 5 insider sales for $7.28 million activity. On Friday, March 9 the insider CARLUCCI DAVID R sold $1.09 million. On Thursday, September 21 the insider Vosburg Craig sold $2.01 million. On Thursday, October 12 Fraccaro Michael sold $856,027 worth of Mastercard Incorporated (NYSE:MA) or 5,800 shares. 5,000 shares were sold by Haythornthwaite Richard, worth $712,540 on Monday, October 2.

Swedbank decreased its stake in Mastercard Inc (MA) by 6.29% based on its latest 2017Q3 regulatory filing with the SEC. Swedbank sold 190,605 shares as the company’s stock rose 7.46% with the market. The institutional investor held 2.84 million shares of the business services company at the end of 2017Q3, valued at $401.28M, down from 3.03M at the end of the previous reported quarter. Swedbank who had been investing in Mastercard Inc for a number of months, seems to be less bullish one the $191.93B market cap company. The stock increased 0.88% or $1.6 during the last trading session, reaching $182.55. About 4.60M shares traded or 23.42% up from the average. Mastercard Incorporated (NYSE:MA) has risen 24.16% since March 17, 2017 and is uptrending. It has outperformed by 7.46% the S&P500.

Swedbank, which manages about $16.35 billion US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 27,372 shares to 2.62M shares, valued at $382.23M in 2017Q3, according to the filing. It also increased its holding in Activision Blizz (NASDAQ:ATVI) by 399,162 shares in the quarter, for a total of 3.90M shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on May, 1. They expect $1.25 EPS, up 23.76 % or $0.24 from last year’s $1.01 per share. MA’s profit will be $1.31B for 36.51 P/E if the $1.25 EPS becomes a reality. After $1.14 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 9.65 % EPS growth.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 36 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Mastercard Incorporated has $212.0 highest and $29 lowest target. $163.45’s average target is -10.46% below currents $182.55 stock price. Mastercard Incorporated had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Cowen & Co on Thursday, February 1. Credit Suisse maintained Mastercard Incorporated (NYSE:MA) on Friday, September 8 with “Outperform” rating. The firm earned “Outperform” rating on Friday, April 29 by RBC Capital Markets. On Friday, April 15 the stock rating was initiated by Compass Point with “Neutral”. The rating was maintained by Barclays Capital on Tuesday, January 30 with “Overweight”. The company was downgraded on Tuesday, November 1 by Guggenheim. The firm has “Buy” rating given on Thursday, July 27 by Keefe Bruyette & Woods. Evercore maintained it with “Buy” rating and $124 target in Monday, September 7 report. The firm has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. The company was maintained on Thursday, December 31 by Piper Jaffray.

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