K.J. Harrison & Partners Inc Takes $2.70 Million Position in Mastercard Incorporated (NYSE:MA)

K.J. Harrison & Partners Inc bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,328 shares of the credit services provider’s stock, valued at approximately $2,699,000.

Several other institutional investors have also bought and sold shares of the stock. Northern Trust Corp raised its stake in shares of Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after acquiring an additional 251,516 shares during the last quarter. Jennison Associates LLC raised its position in Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after purchasing an additional 515,481 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Mastercard by 1.1% in the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after buying an additional 56,642 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Mastercard by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after buying an additional 16,019 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

Shares of NYSE MA traded up $0.31 during mid-day trading on Friday, reaching $462.42. 1,956,477 shares of the company’s stock were exchanged, compared to its average volume of 2,410,342. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The business has a fifty day simple moving average of $471.35 and a 200 day simple moving average of $436.10. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The firm has a market capitalization of $431.39 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the company posted $2.65 EPS. As a group, equities analysts expect that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MA shares. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. The Goldman Sachs Group upped their price objective on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Mizuho reissued a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, KeyCorp lifted their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The disclosure for this sale can be found here. Insiders have sold 366,630 shares of company stock valued at $168,746,490 in the last 90 days. 0.13% of the stock is currently owned by company insiders.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.