Old Mutual Global Investors UK Ltd. acquired a new position in Mastercard Inc (NYSE:MA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 566,923 shares of the credit services provider’s stock, valued at approximately $85,809,000. Old Mutual Global Investors UK Ltd. owned 0.05% of Mastercard at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its position in Mastercard by 17.7% in the 4th quarter. Brighton Jones LLC now owns 1,972 shares of the credit services provider’s stock worth $298,000 after purchasing an additional 297 shares during the period. Penserra Capital Management LLC raised its position in Mastercard by 216.9% in the 4th quarter. Penserra Capital Management LLC now owns 9,273 shares of the credit services provider’s stock worth $1,403,000 after purchasing an additional 6,347 shares during the period. Financial Advisors Network Inc. raised its position in Mastercard by 19.3% in the 4th quarter. Financial Advisors Network Inc. now owns 3,598 shares of the credit services provider’s stock worth $545,000 after purchasing an additional 582 shares during the period. Candriam Luxembourg S.C.A. raised its position in Mastercard by 3.1% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 96,885 shares of the credit services provider’s stock worth $14,665,000 after purchasing an additional 2,916 shares during the period. Finally, IBM Retirement Fund raised its position in Mastercard by 6.0% in the 4th quarter. IBM Retirement Fund now owns 24,790 shares of the credit services provider’s stock worth $4,093,000 after purchasing an additional 1,409 shares during the period. 76.10% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on MA. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective on the stock in a research report on Thursday, January 11th. Sandler O’Neill raised shares of Mastercard from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Piper Jaffray Companies raised their target price on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald raised their target price on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research report 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. The stock presently has an average rating of “Buy” and an average price target of $177.40.
Mastercard Inc (NYSE MA) opened at $181.01 on Wednesday. The stock has a market cap of $190,310.00, a P/E ratio of 41.33, a P/E/G ratio of 1.69 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. Mastercard Inc has a 1-year low of $110.13 and a 1-year high of $183.73.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. Mastercard’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. equities analysts predict that Mastercard Inc will post 5.92 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s payout ratio is 22.83%.
Mastercard announced that its Board of Directors has authorized a stock buyback plan on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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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