Capital One National Association decreased its stake in shares of Mastercard Inc (NYSE:MA) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,840 shares of the credit services provider’s stock after selling 372 shares during the period. Capital One National Association’s holdings in Mastercard were worth $1,489,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Candriam Luxembourg S.C.A. grew its holdings in Mastercard by 3.1% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 96,885 shares of the credit services provider’s stock valued at $14,665,000 after buying an additional 2,916 shares during the last quarter. IBM Retirement Fund grew its holdings in Mastercard by 6.0% in the 4th quarter. IBM Retirement Fund now owns 24,790 shares of the credit services provider’s stock valued at $4,093,000 after buying an additional 1,409 shares during the last quarter. NuWave Investment Management LLC acquired a new stake in Mastercard in the 4th quarter valued at approximately $201,000. Accident Compensation Corp grew its holdings in Mastercard by 26.5% in the 4th quarter. Accident Compensation Corp now owns 6,200 shares of the credit services provider’s stock valued at $938,000 after buying an additional 1,300 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at approximately $2,469,000. 76.10% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Inc (NYSE:MA) opened at $182.54 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $191,920.00, a P/E ratio of 41.68, a P/E/G ratio of 1.69 and a beta of 1.18. Mastercard Inc has a 52-week low of $110.13 and a 52-week high of $183.52.
Mastercard declared that its Board of Directors has initiated a stock buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the credit services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 22.83%.
In related news, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.
A number of research firms have issued reports on MA. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $182.50 target price on the stock in a report on Thursday, March 1st. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, February 8th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a report on Monday, February 5th. BMO Capital Markets raised their target price on Mastercard to $206.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald raised their target price on Mastercard to $198.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $177.40.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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