GAM Holding AG cut its stake in Mastercard Inc (NYSE:MA) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,385 shares of the credit services provider’s stock after selling 3,279 shares during the quarter. GAM Holding AG’s holdings in Mastercard were worth $7,430,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of MA. Focused Wealth Management Inc purchased a new stake in shares of Mastercard during the fourth quarter valued at approximately $25,000. Ruggie Capital Group purchased a new stake in shares of Mastercard during the fourth quarter valued at approximately $27,000. New Capital Management LP increased its position in shares of Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 50 shares during the last quarter. Avondale Wealth Management purchased a new stake in shares of Mastercard during the fourth quarter valued at approximately $28,000. Finally, Motco increased its position in shares of Mastercard by 40.9% during the fourth quarter. Motco now owns 186 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 54 shares during the last quarter. 74.17% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Credit Suisse Group reissued a “buy” rating and issued a $217.00 target price on shares of Mastercard in a research report on Monday, January 7th. Zacks Investment Research reissued a “buy” rating and issued a $205.00 target price on shares of Mastercard in a research report on Monday, December 31st. Edward Jones raised Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. UBS Group raised Mastercard from a “neutral” rating to a “buy” rating and raised their target price for the stock from $206.00 to $226.00 in a research report on Wednesday, January 9th. Finally, Jefferies Financial Group assumed coverage on Mastercard in a research report on Monday, January 28th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Mastercard has a consensus rating of “Buy” and a consensus price target of $226.80.
In other news, insider Edward Grunde Mclaughlin sold 20,269 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the transaction, the insider now directly owns 37,374 shares of the company’s stock, valued at $7,457,234.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the completion of the transaction, the director now directly owns 40,183 shares of the company’s stock, valued at $7,715,136. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
Mastercard stock opened at $229.51 on Friday. Mastercard Inc has a one year low of $167.94 and a one year high of $231.33. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $232.82 billion, a PE ratio of 35.36, a P/E/G ratio of 1.81 and a beta of 1.14.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.79 billion. Analysts anticipate that Mastercard Inc will post 7.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is currently 20.34%.
Mastercard declared that its board has approved a share buyback program on Tuesday, December 4th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
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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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