Bbva Compass Bancshares Inc. increased its stake in shares of Mastercard Inc (NYSE:MA) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,352 shares of the credit services provider’s stock after purchasing an additional 1,803 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Mastercard were worth $4,085,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Fulton Bank N.A. increased its position in Mastercard by 2.0% in the 3rd quarter. Fulton Bank N.A. now owns 11,893 shares of the credit services provider’s stock valued at $2,648,000 after acquiring an additional 235 shares during the period. Harvest Fund Management Co. Ltd increased its position in Mastercard by 8.8% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 3,213 shares of the credit services provider’s stock valued at $631,000 after acquiring an additional 259 shares during the period. Price Wealth Management Inc. increased its position in Mastercard by 3.9% in the 2nd quarter. Price Wealth Management Inc. now owns 7,067 shares of the credit services provider’s stock valued at $1,389,000 after acquiring an additional 267 shares during the period. Baxter Bros Inc. increased its position in Mastercard by 1.2% in the 3rd quarter. Baxter Bros Inc. now owns 23,002 shares of the credit services provider’s stock valued at $5,120,000 after acquiring an additional 280 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Mastercard by 0.3% in the 2nd quarter. Peregrine Capital Management LLC now owns 87,253 shares of the credit services provider’s stock valued at $17,147,000 after acquiring an additional 281 shares during the period. Institutional investors and hedge funds own 74.43% of the company’s stock.
Several equities analysts have issued reports on MA shares. SunTrust Banks upped their price target on shares of Mastercard to $240.00 and gave the company a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Credit Suisse Group upped their price objective on shares of Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a research note on Monday, October 8th. Wolfe Research initiated coverage on shares of Mastercard in a research note on Tuesday, July 17th. They issued an “outperform” rating on the stock. Loop Capital set a $232.00 price objective on shares of Mastercard and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, BMO Capital Markets upped their price objective on shares of Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $219.24.
In related news, Director Richard K. Davis bought 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 completion of the purchase, the director now directly owns 3,468 shares in the company, valued at $681,011.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is owned by corporate insiders.
Shares of NYSE MA opened at $205.62 on Friday. The firm has a market cap of $206.81 billion, a P/E ratio of 44.90, a P/E/G ratio of 1.71 and a beta of 1.22. Mastercard Inc has a 12-month low of $140.61 and a 12-month high of $225.35. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. Mastercard’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 earnings per share. Equities research analysts predict that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, October 5th. Mastercard’s dividend payout ratio is presently 21.83%.
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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.
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