Roosevelt Investment Group Inc. lowered its holdings in shares of Mastercard Inc (NYSE:MA) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,599 shares of the credit services provider’s stock after selling 818 shares during the period. Roosevelt Investment Group Inc.’s holdings in Mastercard were worth $13,259,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Community Bank N.A. lifted its stake in shares of Mastercard by 119.7% in the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after acquiring an additional 365 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in shares of Mastercard in the 3rd quarter worth $102,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Mastercard in the 3rd quarter worth $106,000. Cerebellum GP LLC acquired a new stake in shares of Mastercard in the 4th quarter worth $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Mastercard by 63.0% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 880 shares of the credit services provider’s stock worth $133,000 after acquiring an additional 340 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.
Mastercard Inc (NYSE MA) opened at $181.01 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard Inc has a twelve month low of $110.13 and a twelve month high of $183.73. The firm has a market cap of $190,310.00, a PE ratio of 41.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18.
Mastercard declared that its board has authorized a stock buyback plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 22.83%.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were 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. Company insiders own 0.30% of the company’s stock.
MA has been the subject of several recent analyst reports. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $157.45 target price for the company in a research note on Wednesday, November 29th. Sanford C. Bernstein restated a “buy” rating and issued a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Tuesday, January 2nd. Royal Bank of Canada cut shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price for the company. in a research note on Thursday, January 4th. Finally, Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $177.40.
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Mastercard Company Profile
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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