Vontobel Asset Management INC Increased Mastercard INC (NYSE:MA) by $106.83 Million as Shares Declined


Vontobel Asset Management Inc increased its stake in Mastercard Inc (NYSE:MA) by 21.77% based on its latest 2016Q2 regulatory filing with the SEC. Vontobel Asset Management Inc bought 1.10M shares as the company’s stock declined 0.33% while stock markets rallied. The institutional investor held 6.16 million shares of the business services company at the end of 2016Q2, valued at $600.68M, up from 5.06 million at the end of the previous reported quarter. Vontobel Asset Management Inc who had been investing in Mastercard Inc for a number of months, seems to be bullish on the $110.98B market cap company. The stock is down 0.99% or $0.99 hitting $99.12, despite the positive news. About 3.08 million shares traded hands. Mastercard Inc (NYSE:MA) has risen 24.13% since February 8, 2016 and is uptrending. It has outperformed by 7.64% the S&P500.

Vontobel Asset Management Inc, which manages about $44.19 billion and $12.96B US Long portfolio, decreased its stake in Coca Cola Femsa S A B De C V (NYSE:KOF) by 33,783 shares to 353,960 shares, valued at $38.11M in 2016Q2, according to the filing. It also reduced its holding in Grupo Televisa Sa (NYSE:TV) by 1.92M shares in the quarter, leaving it with 9.50M shares, and cut its stake in Taiwan Semiconductor Mfg Ltd (NYSE:TSM).

Vontobel Asset Management Inc is a New York-based institutional investor with more than $44.19 billion AUM in July, 2014. This fund invests only a small percentage of its assets in equities and options. Vontobel Asset Management Inc is the 98th largest institutional investor in our database. Taken from Vontobel Asset Management latest Adv, the fund reported to have 59 full and part-time employees. Among which 18 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.16, from 1.05 in 2016Q1. The ratio dived, as 65 funds sold all MA shares owned while 451 reduced positions. 86 funds bought stakes while 375 increased positions. They now own 800.46 million shares or 4.95% less from 842.14 million shares in 2016Q1.

Argentiere Capital Ag holds 7.47% of its portfolio in MA for 109,050 shares. Cryder Capital Partners Llp owns 104,468 shares or 7.38% of their US portfolio. Moreover, Gardner Russo & Gardner Llc has 7.18% invested in the company for 9.74 million shares. The New York-based Allen Operations Llc has invested 7.05% in the stock. Biondo Investment Advisors Llc, a Pennsylvania-based fund reported 223,629 shares.

Out of 12 analysts covering Mastercard Incorporated (NYSE:MA), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. Mastercard Incorporated has been the topic of 18 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock on September 8 with “Overweight” rating. Wedbush maintained the shares of MA in a report on April 29 with “Neutral” rating. Lastly, Compass Point initiated the stock with “Neutral” rating in an April 15 report.

MasterCard Incorporated is a technology firm that connects consumers, financial institutions, merchants, governments and businesses across the world. The company has a market cap of $110.98 billion. The Firm operates through payment solutions segment. It has a 29.11 P/E ratio. The Firm allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.

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