As Hdfc Bank LTD (HDB) Market Valuation Declined, Martin Currie LTD Has Upped Holding; As Mastercard Cl A (MA) Valuation Rose, Rockland Trust Co Has Lowered by $1.07 Million Its Position

June 12, 2018 - By Stephen Andrade

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Rockland Trust Co decreased its stake in Mastercard Inc Cl A (MA) by 8.05% based on its latest 2018Q1 regulatory filing with the SEC. Rockland Trust Co sold 6,137 shares as the company’s stock rose 7.48% while stock markets declined. The institutional investor held 70,104 shares of the business services company at the end of 2018Q1, valued at $12.28 million, down from 76,241 at the end of the previous reported quarter. Rockland Trust Co who had been investing in Mastercard Inc Cl A for a number of months, seems to be less bullish one the $208.06B market cap company. The stock increased 0.41% or $0.81 during the last trading session, reaching $199.3. About 1.56 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since June 12, 2017 and is uptrending. It has outperformed by 44.23% the S&P500. Some Historical MA News: 30/05/2018 – Mastercard, Inc. (MA) Bernstein Strategic Decisions Brokers Conference (Transcript); 02/05/2018 – MASTERCARD 1Q NET REV. $3.58B, EST. $3.25B; 06/04/2018 – The CEOs from Microsoft, Adobe, and Mastercard have all graduated from this high school. via @CNBCMakeIt; 05/03/2018 – Jefferson Awards Foundation Honors Shaquille O’Neal, Bryan Stevenson, Alexis Jones and Mastercard as 2018 National Public Service Award Recipients; 04/04/2018 – Barclays Launches Premier Global Travel Card That Rewards Cardmember Loyalty: Barclays Arrival® Premier World Elite Mastercard; 02/05/2018 – MASTERCARD: CROSS-BORDER GROWTH MODERATING AMID CRYPTO DROP-OFF; 21/05/2018 – APPLE: MASTERCARD CARD HOLDERS MAY NOT BE ABLE TO ADD CARDS; 20/04/2018 – Shiny New Button May Help Visa, Mastercard and AmEx Fight PayPal; 19/03/2018 – MASTERCARD OPEN TO FACILITATING NATIONAL DIGITAL CURRENCIES: FT; 16/04/2018 – MASTERCARD HIRES OBAMA TRADE REP FROMAN IN STRATEGIC GROWTH

Martin Currie Ltd increased its stake in Hdfc Bank Ltd (HDB) by 5.85% based on its latest 2018Q1 regulatory filing with the SEC. Martin Currie Ltd bought 74,253 shares as the company’s stock declined 3.14% with the market. The institutional investor held 1.34 million shares of the commercial banks company at the end of 2018Q1, valued at $132.62M, up from 1.27M at the end of the previous reported quarter. Martin Currie Ltd who had been investing in Hdfc Bank Ltd for a number of months, seems to be bullish on the $81.39 billion market cap company. The stock increased 1.18% or $1.22 during the last trading session, reaching $104.87. About 418,487 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 11.82% since June 12, 2017 and is uptrending. It has underperformed by 0.75% the S&P500. Some Historical HDB News: 16/03/2018 – S&PGR Rates HDFC Bank’s Proposed Masala Bond ‘BBB-‘; 24/04/2018 – HDFC TO CONSIDER ISSUE OF REDEEMABLE NCDS, HYBRID INSTRUMENTS; 15/03/2018 – HDFC ASSET MANAGEMENT COMPANY LIMITED FILES FOR IPO; 13/03/2018 – CORRECTED-STANDARD LIFE ABERDEEN- OFFERS CONSTITUTE SLI OFFERING UP TO 8.01% AND HDFC LIMITED OFFERING UP TO 4.08% OF HDFC AMC’S EQUITY SHARES (CORRECTS; 06/03/2018 – Times of India: HDFC Bank, Citi switch corp lending heads; 12/04/2018 – KEC INTERNATIONAL LTD KECL.NS SAYS HDFC TRUSTEE CO CUTS STAKE IN CO BY 2.11 PCT TO 6.93 PCT; 03/04/2018 – HDFC EXPECTS TO REPORT INR3B PROFIT ON INVESTMENT SALE IN 4Q; 30/04/2018 – HDFC SAYS INR2.65B PRE-TAX GAIN ON SALE OF UNITS TO QUIKR INDIA; 05/03/2018 – MEDIA-India’s MedGenome raises funds from HDFC group firms – Mint; 23/05/2018 – HDFC BANK LTD HDBK.NS SAYS HDFC BANK LAUNCHES DIGITAL LOANS AGAINST MUTUAL FUNDS

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 EPS, up 40.00% or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61 billion for 32.35 P/E if the $1.54 EPS becomes a reality. After $1.50 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

More recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Why I Would Still Choose Mastercard Over Visa” on May 28, 2018. Also Seekingalpha.com published the news titled: “Mastercard: Is It Overvalued?” on May 16, 2018. Seekingalpha.com‘s news article titled: “Mastercard – Priceless” with publication date: May 29, 2018 was also an interesting one.

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.05, from 0.91 in 2017Q4. It dropped, as 47 investors sold MA shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported. Moreover, West Coast Finance Ltd Llc has 3.87% invested in Mastercard Incorporated (NYSE:MA). Bragg Financial Advsrs Inc holds 0.41% in Mastercard Incorporated (NYSE:MA) or 15,881 shares. Schwerin Boyle Capital holds 5.73% of its portfolio in Mastercard Incorporated (NYSE:MA) for 297,911 shares. Telemus Limited Liability reported 0.7% of its portfolio in Mastercard Incorporated (NYSE:MA). Cwm Limited Liability Com holds 0.01% or 1,141 shares. Investec Asset Management Limited has invested 0.27% in Mastercard Incorporated (NYSE:MA). Kings Point Cap Mgmt accumulated 0.01% or 394 shares. Seatown Pte Limited holds 3.98% of its portfolio in Mastercard Incorporated (NYSE:MA) for 240,000 shares. Rockland Trust holds 70,104 shares. Moneta Group Inv Advsrs Ltd Liability Com invested in 0.44% or 19,043 shares. 2.00 million were reported by Brown Advisory Inc. Ferguson Wellman Mngmt holds 0.1% of its portfolio in Mastercard Incorporated (NYSE:MA) for 16,001 shares. 3,850 are owned by Tributary Capital Mngmt Limited Liability. Reilly Financial Advisors Limited Liability Company has 2.09% invested in Mastercard Incorporated (NYSE:MA). Moreover, Zacks has 0.14% invested in Mastercard Incorporated (NYSE:MA).

Rockland Trust Co, which manages about $756.58M US Long portfolio, upped its stake in Mccormick & Co Inc (NYSE:MKC) by 3,676 shares to 5,641 shares, valued at $600,000 in 2018Q1, according to the filing. It also increased its holding in General Mls Inc (NYSE:GIS) by 7,221 shares in the quarter, for a total of 153,558 shares, and has risen its stake in Us Bancorp New (NYSE:USB).

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Monday, October 31 by Compass Point. The firm earned “Buy” rating on Thursday, September 7 by Piper Jaffray. The firm has “Buy” rating given on Thursday, December 28 by Susquehanna. The stock of Mastercard Incorporated (NYSE:MA) earned “Buy” rating by Tigress Financial on Thursday, February 8. Cowen & Co maintained it with “Buy” rating and $12700 target in Friday, July 14 report. The stock of Mastercard Incorporated (NYSE:MA) earned “Overweight” rating by Barclays Capital on Wednesday, October 18. The stock of Mastercard Incorporated (NYSE:MA) earned “Buy” rating by Susquehanna on Monday, April 23. The stock has “Buy” rating by Robert W. Baird on Thursday, February 1. On Wednesday, February 1 the stock rating was maintained by RBC Capital Markets with “Top Pick”. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, September 7.

Since January 2, 2018, it had 0 insider purchases, and 8 sales for $59.23 million activity. Shares for $741,960 were sold by Fraccaro Michael. The insider Vosburg Craig sold $3.25 million. CARLUCCI DAVID R sold $1.09 million worth of stock. Haythornthwaite Richard sold $866,104 worth of stock or 5,000 shares. McLaughlin Edward Grunde sold $2.61 million worth of Mastercard Incorporated (NYSE:MA) on Tuesday, January 2. Murphy Timothy H sold $5.53 million worth of Mastercard Incorporated (NYSE:MA) on Monday, March 19.

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Zacks upgraded HDFC Bank Limited (NYSE:HDB) on Monday, September 21 to “Hold” rating. The stock of HDFC Bank Limited (NYSE:HDB) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, March 21. On Wednesday, September 14 the stock rating was maintained by Goldman Sachs with “Buy”. On Wednesday, September 2 the stock rating was downgraded by Zacks to “Sell”. On Thursday, August 27 the stock rating was downgraded by Zacks to “Hold”.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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