Toronto Dominion Bank raised its holdings in Mastercard (NYSE:MA) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,271 shares of the credit services provider’s stock after purchasing an additional 45,736 shares during the period. Toronto Dominion Bank’s holdings in Mastercard were worth $63,159,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Intellectus Partners LLC grew its stake in Mastercard by 3.2% during the second quarter. Intellectus Partners LLC now owns 2,454 shares of the credit services provider’s stock valued at $298,000 after acquiring an additional 76 shares in the last quarter. Summit Financial Wealth Advisors LLC grew its stake in Mastercard by 5.1% during the second quarter. Summit Financial Wealth Advisors LLC now owns 1,869 shares of the credit services provider’s stock valued at $227,000 after acquiring an additional 90 shares in the last quarter. Bank of Hawaii grew its stake in Mastercard by 0.3% during the second quarter. Bank of Hawaii now owns 27,185 shares of the credit services provider’s stock valued at $3,302,000 after acquiring an additional 91 shares in the last quarter. Pinebridge Investments L.P. grew its stake in Mastercard by 1.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 9,540 shares of the credit services provider’s stock worth $1,159,000 after buying an additional 145 shares in the last quarter. Finally, JT Stratford LLC grew its stake in Mastercard by 0.7% in the 2nd quarter. JT Stratford LLC now owns 23,773 shares of the credit services provider’s stock worth $2,887,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.
NYSE:MA traded down $5.84 during midday trading on Friday, reaching $169.70. 5,005,487 shares of the stock traded hands, compared to its average volume of 3,731,496. Mastercard has a 12 month low of $111.01 and a 12 month high of $183.73. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $184,833.31, a P/E ratio of 37.05, a P/E/G ratio of 1.61 and a beta of 1.16.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the business posted $0.86 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. analysts anticipate that Mastercard will post 5.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 21.83%.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $173.22, for a total value of $866,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Insiders sold a total of 41,578 shares of company stock valued at $7,482,061 over the last 90 days. Company insiders own 0.30% of the company’s stock.
MA has been the subject of a number of research reports. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target for the company in a research note on Wednesday, February 21st. Royal Bank of Canada cut shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price target for the company. in a research note on Thursday, January 4th. Guggenheim reissued a “buy” rating and issued a $201.00 price target on shares of Mastercard in a research note on Friday, February 2nd. Piper Jaffray boosted their price target on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group reissued a “hold” rating and issued a $164.00 price target on shares of Mastercard in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.52.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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