Carnick & Kubik Group LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,900 shares of the credit services provider’s stock, valued at approximately $268,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Janus Henderson Group PLC raised its stake in Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Mastercard by 289.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock worth $433,643,000 after buying an additional 2,654,308 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after buying an additional 1,814,116 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of Mastercard by 22,644.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,685,146 shares of the credit services provider’s stock worth $189,528,000 after buying an additional 1,677,737 shares in the last quarter. 75.81% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now owns 40,646 shares of the company’s stock, valued at approximately $5,766,041.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock worth $3,582,984. 0.30% of the stock is owned by insiders.
MA has been the subject of a number of analyst reports. Oppenheimer reissued a “buy” rating and set a $145.00 target price on shares of Mastercard in a research note on Friday, September 8th. Citigroup increased their target price on Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Nomura increased their target price on Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Susquehanna Bancshares reissued a “positive” rating and set a $158.00 target price (up from $149.00) on shares of Mastercard in a research note on Friday, September 8th. Two investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $159.69.
Shares of Mastercard Incorporated (NYSE:MA) traded down $0.81 during trading hours on Thursday, reaching $151.69. The company’s stock had a trading volume of 3,618,700 shares, compared to its average volume of 3,220,783. The firm has a market cap of $161,445.95, a PE ratio of 35.38, a PEG ratio of 2.03 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 52-week low of $102.91 and a 52-week high of $154.65.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. equities analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.
Mastercard declared that its Board of Directors has authorized a share repurchase program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio is 20.47%.
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Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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