Wealthstreet Investment Advisors LLC bought a new position in Mastercard Inc (NYSE:MA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,309 shares of the credit services provider’s stock, valued at approximately $2,469,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Sigma Planning Corp boosted its holdings in shares of Mastercard by 194.2% during the fourth quarter. Sigma Planning Corp now owns 20,817 shares of the credit services provider’s stock worth $3,151,000 after purchasing an additional 13,741 shares during the period. Whittier Trust Co. boosted its holdings in shares of Mastercard by 2.0% during the fourth quarter. Whittier Trust Co. now owns 29,853 shares of the credit services provider’s stock worth $4,519,000 after purchasing an additional 573 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Mastercard by 16.3% during the fourth quarter. Park Avenue Securities LLC now owns 6,035 shares of the credit services provider’s stock worth $917,000 after purchasing an additional 844 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Mastercard by 1.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 61,416 shares of the credit services provider’s stock worth $9,295,000 after purchasing an additional 965 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Mastercard by 77.2% during the fourth quarter. KBC Group NV now owns 331,724 shares of the credit services provider’s stock worth $50,210,000 after purchasing an additional 144,480 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction 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 transaction, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
Mastercard Inc (MA) opened at $183.02 on Monday. Mastercard Inc has a 52-week low of $110.13 and a 52-week high of $183.33. The company has a market cap of $192,660.00, a P/E ratio of 41.84, a PEG ratio of 1.69 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Mastercard’s revenue was up 20.2% compared to the same quarter last year. sell-side analysts forecast that Mastercard Inc will post 5.92 EPS for the current year.
Mastercard declared that its Board of Directors has initiated a share buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is currently 22.83%.
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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