Bank of The West raised its holdings in shares of Mastercard Inc (NYSE:MA) by 12.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,183 shares of the credit services provider’s stock after purchasing an additional 2,304 shares during the quarter. Bank of The West’s holdings in Mastercard were worth $4,493,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Mastercard by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock worth $450,002,000 after acquiring an additional 105,160 shares during the period. Peregrine Capital Management LLC grew its holdings in Mastercard by 0.3% during the 2nd quarter. Peregrine Capital Management LLC now owns 87,253 shares of the credit services provider’s stock worth $17,147,000 after acquiring an additional 281 shares during the period. First National Bank of Omaha grew its holdings in Mastercard by 4.9% during the 2nd quarter. First National Bank of Omaha now owns 56,197 shares of the credit services provider’s stock worth $10,015,000 after acquiring an additional 2,630 shares during the period. RDL Financial Inc. grew its holdings in Mastercard by 4.6% during the 2nd quarter. RDL Financial Inc. now owns 21,949 shares of the credit services provider’s stock worth $4,313,000 after acquiring an additional 968 shares during the period. Finally, Matisse Capital acquired a new stake in Mastercard during the 2nd quarter worth $218,000. Institutional investors and hedge funds own 74.43% of the company’s stock.
A number of analysts have commented on the stock. Wells Fargo & Co lifted their target price on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. BMO Capital Markets assumed coverage on shares of Mastercard in a report on Wednesday, September 26th. They set an “outperform” rating and a $238.00 target price for the company. Goldman Sachs Group raised shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a report on Monday, September 17th. Royal Bank of Canada lifted their target price on shares of Mastercard from $223.00 to $232.00 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Raymond James assumed coverage on shares of Mastercard in a report on Tuesday, July 24th. They set an “outperform” rating and a $244.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $219.24.
In related news, Director Richard K. Davis acquired 2,475 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average cost of $196.37 per share, with a total value of $486,015.75. Following the transaction, the director now owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.32% of the company’s stock.
Shares of NYSE MA opened at $205.62 on Friday. The firm has a market cap of $206.81 billion, a PE ratio of 44.90, a PEG ratio of 1.71 and a beta of 1.22. Mastercard Inc has a twelve month low of $140.61 and a twelve month high of $225.35. 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 (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The company 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%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share. As a group, equities analysts anticipate that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.49%. Mastercard’s dividend payout ratio is currently 21.83%.
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.
See Also: Put Option
Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).
Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.