First Foundation Advisors grew its holdings in shares of Mastercard Inc (NYSE:MA) by 125.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,477 shares of the credit services provider’s stock after acquiring an additional 2,495 shares during the period. First Foundation Advisors’ holdings in Mastercard were worth $997,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Richard Bernstein Advisors LLC grew its stake in shares of Mastercard by 3.5% during the second quarter. Richard Bernstein Advisors LLC now owns 81,090 shares of the credit services provider’s stock valued at $15,936,000 after acquiring an additional 2,757 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Mastercard by 13.3% during the third quarter. Russell Investments Group Ltd. now owns 2,640,138 shares of the credit services provider’s stock valued at $587,406,000 after acquiring an additional 310,839 shares in the last quarter. Criterion Capital Management LLC grew its stake in shares of Mastercard by 16.8% during the second quarter. Criterion Capital Management LLC now owns 171,179 shares of the credit services provider’s stock valued at $33,640,000 after acquiring an additional 24,634 shares in the last quarter. Certified Advisory Corp grew its stake in shares of Mastercard by 9.3% during the second quarter. Certified Advisory Corp now owns 16,100 shares of the credit services provider’s stock valued at $3,164,000 after acquiring an additional 1,375 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Mastercard by 5.7% during the third quarter. TD Asset Management Inc. now owns 804,361 shares of the credit services provider’s stock valued at $179,059,000 after acquiring an additional 43,376 shares in the last quarter. Institutional investors own 74.84% of the company’s stock.
A number of equities analysts recently commented on MA shares. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $216.00 price target for the company in a research note on Thursday, November 29th. Goldman Sachs Group upgraded Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Loop Capital set a $232.00 price target on Mastercard and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Barclays started coverage on Mastercard in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $240.00 price target for the company. Finally, Credit Suisse Group lifted their price target on Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. Three equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $221.28.
Shares of NYSE MA opened at $196.50 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01. Mastercard Inc has a 52-week low of $149.17 and a 52-week high of $225.35. The stock has a market capitalization of $209.65 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.10. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. Mastercard’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. As a group, analysts anticipate that Mastercard Inc will post 6.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.25. Mastercard’s payout ratio is 21.83%.
Mastercard announced that its board has authorized a share buyback plan on Tuesday, December 4th that allows the company to buyback $6.50 million in outstanding shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
In other Mastercard news, Director Richard K. Davis purchased 2,475 shares of the business’s stock in a transaction dated Friday, November 2nd. The shares were bought at an average price of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now owns 3,468 shares in the company, valued at approximately $681,011.16. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.32% of the company’s stock.
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Mastercard Company Profile
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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