Shell Asset Management Co. trimmed its stake in Mastercard (NYSE:MA) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,904 shares of the credit services provider’s stock after selling 23,406 shares during the period. Mastercard accounts for approximately 0.7% of Shell Asset Management Co.’s holdings, making the stock its 29th largest position. Shell Asset Management Co.’s holdings in Mastercard were worth $33,587,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MA. UBS Asset Management Americas Inc. increased its stake in Mastercard by 6.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock worth $749,941,000 after buying an additional 347,768 shares in the last quarter. Ithaka Group LLC increased its stake in Mastercard by 1.3% in the 2nd quarter. Ithaka Group LLC now owns 212,077 shares of the credit services provider’s stock worth $25,757,000 after buying an additional 2,709 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Mastercard during the 2nd quarter valued at about $1,142,000. Pinebridge Investments L.P. boosted its holdings in shares of Mastercard by 1.5% during the 2nd quarter. Pinebridge Investments L.P. now owns 9,540 shares of the credit services provider’s stock valued at $1,159,000 after purchasing an additional 145 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Mastercard by 9.7% during the 2nd quarter. D.A. Davidson & CO. now owns 57,921 shares of the credit services provider’s stock valued at $7,034,000 after purchasing an additional 5,127 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.
MA has been the subject of several research reports. Credit Suisse Group reissued a “hold” rating and set a $164.00 price objective on shares of Mastercard in a report on Monday, January 8th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Tuesday, January 2nd. Morgan Stanley increased their price objective on shares of Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Vetr raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $157.45 price objective for the company in a report on Wednesday, November 29th. Finally, Barclays reissued a “buy” rating and set a $170.00 price objective on shares of Mastercard in a report on Friday, January 5th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $177.40.
Shares of Mastercard (NYSE:MA) opened at $182.55 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. Mastercard has a 1 year low of $110.33 and a 1 year high of $183.73. The firm has a market cap of $191,930.16, a PE ratio of 39.77, a P/E/G ratio of 1.68 and a beta of 1.17.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. equities research analysts predict that Mastercard will post 5.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is currently 27.40%.
Mastercard declared that its Board of Directors has approved a share buyback program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is 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.
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