Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,113 shares of the credit services provider’s stock after purchasing an additional 7,383 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mastercard were worth $30,233,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Massey Quick Simon & CO. LLC acquired a new stake in shares of Mastercard during the third quarter worth about $102,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mastercard in the second quarter valued at approximately $121,000. Institutional investors own 75.66% of the company’s stock.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction dated 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 transaction, the insider now owns 47,901 shares in the company, valued at approximately $7,271,850.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.
MA has been the subject of a number of analyst reports. Citigroup boosted their price target on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Robert W. Baird upped their target price on Mastercard from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $161.00 target price on shares of Mastercard in a research note on Friday, October 13th. Stephens began coverage on Mastercard in a research note on Friday, October 13th. They set an “overweight” rating and a $166.00 target price for the company. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $176.54.
Mastercard Incorporated (NYSE MA) traded down $2.38 during mid-day trading on Friday, reaching $170.55. The company’s stock had a trading volume of 6,485,938 shares, compared to its average volume of 3,180,000. The company has a quick ratio of 1.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market cap of $180,560.00, a price-to-earnings ratio of 46.73, a P/E/G ratio of 1.83 and a beta of 1.26. Mastercard Incorporated has a 52 week low of $105.60 and a 52 week high of $177.11.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the company earned $0.86 EPS. Mastercard’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities analysts anticipate that Mastercard Incorporated will post 5.62 earnings per share for the current fiscal year.
Mastercard declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be issued a $0.25 dividend. The ex-dividend date is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio is presently 27.40%.
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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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