LA Financiere DE L Echiquier reduced its holdings in Mastercard Incorporated (NYSE:MA) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,615 shares of the credit services provider’s stock after selling 8,023 shares during the period. Mastercard comprises about 5.6% of LA Financiere DE L Echiquier’s holdings, making the stock its 8th largest holding. LA Financiere DE L Echiquier’s holdings in Mastercard were worth $7,994,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in MA. HighTower Advisors LLC lifted its stake in Mastercard by 8.8% in the 1st quarter. HighTower Advisors LLC now owns 90,089 shares of the credit services provider’s stock worth $10,112,000 after acquiring an additional 7,293 shares in the last quarter. Fayerweather Charles lifted its stake in Mastercard by 0.8% in the 1st quarter. Fayerweather Charles now owns 19,754 shares of the credit services provider’s stock worth $2,221,000 after acquiring an additional 160 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in Mastercard by 14.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 18,876 shares of the credit services provider’s stock worth $2,292,000 after acquiring an additional 2,359 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Mastercard by 5.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 180,077 shares of the credit services provider’s stock worth $21,870,000 after acquiring an additional 8,855 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its stake in Mastercard by 2.1% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 4,935 shares of the credit services provider’s stock worth $600,000 after acquiring an additional 100 shares in the last quarter. 75.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Mastercard Incorporated (NYSE MA) traded up $3.93 during mid-day trading on Thursday, hitting $172.93. The company’s stock had a trading volume of 6,847,380 shares, compared to its average volume of 2,940,000. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a 52 week low of $104.01 and a 52 week high of $176.71. The company has a market cap of $183,070.00, a P/E ratio of 40.31, a P/E/G ratio of 1.81 and a beta of 1.21.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the company earned $0.86 EPS. The company’s quarterly revenue was up 20.2% on a year-over-year basis. equities analysts expect that Mastercard Incorporated will post 4.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is currently 23.31%.
Mastercard declared that its board has approved a stock buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Several research analysts have weighed in on MA shares. Mizuho raised Mastercard from a “neutral” rating to a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Citigroup upped their target price on Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. SunTrust Banks upped their target price on Mastercard to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada lowered Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price on the stock. in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $164.92.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.
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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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