Fifth Third Bancorp Lowered Morgan Stanley (MS) Holding by $6.10 Million; Mastercard Cl A (MA) Share Price Rose While Suncoast Equity Management Has Trimmed Its Position by $356,662

May 25, 2018 - By Peter Erickson

Mastercard Incorporated (NYSE:MA) Logo

Fifth Third Bancorp decreased its stake in Morgan Stanley (MS) by 8.07% based on its latest 2017Q4 regulatory filing with the SEC. Fifth Third Bancorp sold 117,293 shares as the company’s stock rose 0.82% while stock markets declined. The institutional investor held 1.34 million shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $70.10M, down from 1.45M at the end of the previous reported quarter. Fifth Third Bancorp who had been investing in Morgan Stanley for a number of months, seems to be less bullish one the $95.59B market cap company. The stock decreased 0.64% or $0.35 during the last trading session, reaching $54. About 6.64 million shares traded. Morgan Stanley (NYSE:MS) has risen 27.83% since May 25, 2017 and is uptrending. It has outperformed by 16.28% the S&P500.

Suncoast Equity Management decreased its stake in Mastercard Cl A (MA) by 2.27% based on its latest 2017Q4 regulatory filing with the SEC. Suncoast Equity Management sold 2,362 shares as the company’s stock rose 14.37% while stock markets declined. The institutional investor held 101,497 shares of the business services company at the end of 2017Q4, valued at $15.36M, down from 103,859 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Mastercard Cl A for a number of months, seems to be less bullish one the $200.35 billion market cap company. The stock decreased 0.56% or $1.08 during the last trading session, reaching $191.91. About 2.91 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 54.12% since May 25, 2017 and is uptrending. It has outperformed by 42.57% the S&P500.

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 31.15 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.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.02, from 0.89 in 2017Q3. It is positive, as 46 investors sold MA shares while 492 reduced holdings. 131 funds opened positions while 356 raised stakes. 764.78 million shares or 1.94% less from 779.91 million shares in 2017Q3 were reported. 347,400 were accumulated by Virginia Retirement Sys Et Al. Integral Derivatives Lc holds 15,513 shares. Wealthfront holds 0.06% of its portfolio in Mastercard Incorporated (NYSE:MA) for 37,996 shares. Cornerstone Capital Management Holdings Ltd holds 416,249 shares or 0.44% of its portfolio. Greenwood Cap Assocs Limited Liability Co invested 1.34% of its portfolio in Mastercard Incorporated (NYSE:MA). Bokf Na owns 63,026 shares. Wms Prtn Limited, Maryland-based fund reported 11,400 shares. Cannell Peter B Inc holds 0.04% of its portfolio in Mastercard Incorporated (NYSE:MA) for 7,400 shares. Fny Managed Accounts Limited Liability Company owns 34 shares or 0% of their US portfolio. Temasek Holding (Private) Limited holds 0.86% or 923,068 shares in its portfolio. Roosevelt Invest Group Inc holds 87,599 shares. New Mexico Educational Retirement Board reported 0.51% stake. Oppenheimer Incorporated owns 61,416 shares. Pdt Prtn Limited Liability reported 0.4% stake. Moreover, Winslow Evans And Crocker Inc has 2.82% invested in Mastercard Incorporated (NYSE:MA) for 57,938 shares.

More recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “Mastercard jumps after revenue guidance lift” on May 02, 2018. Also Seekingalpha.com published the news titled: “Billion-Dollar Unicorns: Adyen Ready For An IPO” on May 24, 2018. Seekingalpha.com‘s news article titled: “Mastercard: Is It Overvalued?” with publication date: May 16, 2018 was also an interesting one.

Since January 2, 2018, it had 0 insider purchases, and 8 sales for $59.23 million activity. 3,993 shares were sold by Fraccaro Michael, worth $692,252. Haythornthwaite Richard had sold 5,000 shares worth $866,104 on Monday, April 2. Shares for $3.25M were sold by Vosburg Craig on Thursday, May 3. Another trade for 30,628 shares valued at $5.53 million was sold by Murphy Timothy H. $44.45 million worth of Mastercard Incorporated (NYSE:MA) was sold by BANGA AJAY on Thursday, May 3. 5,950 shares valued at $1.09M were sold by CARLUCCI DAVID R on Friday, March 9.

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 has “Buy” rating by Cowen & Co given on Friday, January 12. The firm has “Buy” rating by Piper Jaffray given on Friday, October 13. On Thursday, February 11 the stock rating was downgraded by Bank of America to “Neutral”. S&P Research maintained Mastercard Incorporated (NYSE:MA) on Friday, July 31 with “Buy” rating. The firm earned “Buy” rating on Monday, November 6 by Bank of America. The firm earned “Hold” rating on Wednesday, October 11 by Mizuho. As per Friday, February 2, the company rating was maintained by PiperJaffray. Keefe Bruyette & Woods maintained Mastercard Incorporated (NYSE:MA) rating on Thursday, July 27. Keefe Bruyette & Woods has “Buy” rating and $14900 target. The firm has “Buy” rating by Mizuho given on Thursday, February 1. The stock of Mastercard Incorporated (NYSE:MA) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, October 18.

Suncoast Equity Management, which manages about $229.33M and $362.34M US Long portfolio, upped its stake in Vmware Inc Cl A (NYSE:VMW) by 45,259 shares to 113,748 shares, valued at $14.26M in 2017Q4, according to the filing.

Analysts await Morgan Stanley (NYSE:MS) to report earnings on July, 18. They expect $1.15 EPS, up 32.18% or $0.28 from last year’s $0.87 per share. MS’s profit will be $2.04B for 11.74 P/E if the $1.15 EPS becomes a reality. After $1.45 actual EPS reported by Morgan Stanley for the previous quarter, Wall Street now forecasts -20.69% negative EPS growth.

Another recent and important Morgan Stanley (NYSE:MS) news was published by Bizjournals.com which published an article titled: “Banking Roundup: Wells Fargo hit by reports of altered documents… BofA rolls out AI assistant Erica” on May 23, 2018.

Fifth Third Bancorp, which manages about $14.70B US Long portfolio, upped its stake in Cdn Imperial Bk Comm Toronto (NYSE:CM) by 4,857 shares to 10,176 shares, valued at $991,000 in 2017Q4, according to the filing. It also increased its holding in Boston Scientific Corp (NYSE:BSX) by 266,310 shares in the quarter, for a total of 274,723 shares, and has risen its stake in Wisdomtree Tr (DTH).

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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