Garrison Point Advisors LLC bought a new position in shares of Mastercard Inc (NYSE:MA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,738 shares of the credit services provider’s stock, valued at approximately $1,082,000. Mastercard makes up 1.3% of Garrison Point Advisors LLC’s holdings, making the stock its 26th biggest position.
A number of other institutional investors have also added to or reduced their stakes in MA. Johanson Financial Advisors Inc. boosted its position in shares of Mastercard by 2.9% during the third quarter. Johanson Financial Advisors Inc. now owns 20,326 shares of the credit services provider’s stock valued at $4,523,000 after buying an additional 565 shares during the last quarter. ING Groep NV boosted its position in shares of Mastercard by 23.3% during the third quarter. ING Groep NV now owns 787,055 shares of the credit services provider’s stock valued at $175,206,000 after buying an additional 148,856 shares during the last quarter. LSV Asset Management boosted its position in shares of Mastercard by 18.5% during the third quarter. LSV Asset Management now owns 8,531 shares of the credit services provider’s stock valued at $1,899,000 after buying an additional 1,331 shares during the last quarter. Compton Capital Management Inc. RI boosted its position in shares of Mastercard by 58.8% during the third quarter. Compton Capital Management Inc. RI now owns 1,809 shares of the credit services provider’s stock valued at $403,000 after buying an additional 670 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Mastercard by 6,158.0% during the third quarter. SG Americas Securities LLC now owns 92,306 shares of the credit services provider’s stock valued at $20,548,000 after buying an additional 90,831 shares during the last quarter. Institutional investors own 74.17% of the company’s stock.
MA has been the topic of several analyst reports. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $216.00 target price on the stock in a research report on Thursday, November 29th. Bank of America lowered Mastercard from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $230.00 to $207.00 in a report on Tuesday, January 8th. Nomura lifted their price target on Mastercard to $252.00 and gave the stock a “buy” rating in a report on Wednesday, February 20th. Wells Fargo & Co dropped their price target on Mastercard from $235.00 to $228.00 and set an “outperform” rating on the stock in a report on Thursday, January 3rd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $245.00 price target on shares of Mastercard in a report on Friday, December 21st. Three investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. Mastercard presently has an average rating of “Buy” and an average price target of $226.80.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the business’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 sale, the director now directly owns 40,183 shares in the company, valued at $7,715,136. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of the business’s stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the sale, the insider now owns 37,374 shares in the company, valued at $7,457,234.22. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
Shares of MA opened at $231.17 on Friday. The firm has a market capitalization of $237.16 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 1.81 and a beta of 1.14. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.39 and a current ratio of 1.39. Mastercard Inc has a 1 year low of $167.94 and a 1 year high of $232.76.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. Research analysts anticipate that Mastercard Inc will post 7.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.33 dividend. The ex-dividend date is Monday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is presently 20.34%.
Mastercard declared that its Board of Directors has authorized a stock buyback plan 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. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
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.
Featured Story: Preferred Stock
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.