Reilly Financial Advisors LLC decreased its stake in shares of Mastercard Inc (NYSE:MA) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,527 shares of the credit services provider’s stock after selling 13,026 shares during the period. Mastercard makes up 1.8% of Reilly Financial Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Reilly Financial Advisors LLC’s holdings in Mastercard were worth $12,794,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC bought a new stake in Mastercard during the third quarter worth about $102,000. Wealthcare Advisory Partners LLC bought a new stake in Mastercard during the third quarter worth about $106,000. Thompson Davis & CO. Inc. boosted its stake in 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 acquiring an additional 546 shares in the last quarter. Cerebellum GP LLC bought a new stake in Mastercard during the fourth quarter worth about $133,000. Finally, Horan Capital Advisors LLC. bought a new stake in Mastercard during the third quarter worth about $131,000. 75.51% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.
Several research firms recently commented on MA. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective on the stock in a research note on Wednesday. Tigress Financial reissued a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research note on Monday, February 5th. BMO Capital Markets boosted their price objective on shares of Mastercard to $206.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $177.40.
Mastercard Inc (NYSE:MA) opened at $175.35 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard Inc has a twelve month low of $109.16 and a twelve month high of $177.11. The firm has a market cap of $185,640.00, a P/E ratio of 39.23, a PEG ratio of 1.63 and a beta of 1.26.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. analysts anticipate that Mastercard Inc will post 5.88 EPS for the current fiscal year.
Mastercard announced that its Board of Directors has approved a share buyback plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is 22.37%.
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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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