Mastercard Incorporated (NYSE:MA) Shares Bought by Hyperion Asset Management Ltd

Hyperion Asset Management Ltd raised its stake in Mastercard Incorporated (NYSE:MA) by 21.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 100,744 shares of the credit services provider’s stock after purchasing an additional 17,771 shares during the quarter. Mastercard comprises about 1.8% of Hyperion Asset Management Ltd’s investment portfolio, making the stock its 14th biggest position. Hyperion Asset Management Ltd’s holdings in Mastercard were worth $53,049,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MA. Guardian Wealth Advisors LLC NC increased its holdings in shares of Mastercard by 21.0% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 2,283 shares of the credit services provider’s stock valued at $1,202,000 after purchasing an additional 396 shares during the period. Focus Partners Wealth raised its stake in Mastercard by 104.9% in the 4th quarter. Focus Partners Wealth now owns 604,701 shares of the credit services provider’s stock valued at $318,644,000 after purchasing an additional 309,571 shares during the last quarter. Fullerton Fund Management Co Ltd. boosted its position in Mastercard by 125.7% during the fourth quarter. Fullerton Fund Management Co Ltd. now owns 6,571 shares of the credit services provider’s stock worth $3,460,000 after acquiring an additional 3,659 shares during the last quarter. Fund 1 Investments LLC acquired a new stake in shares of Mastercard during the fourth quarter worth $329,000. Finally, Elefante Mark B purchased a new position in shares of Mastercard during the 4th quarter worth about $5,109,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $568.38 on Friday. The business has a 50-day moving average of $532.17 and a 200-day moving average of $533.23. The company has a market capitalization of $518.20 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company posted $3.31 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.32%.

Wall Street Analyst Weigh In

MA has been the subject of several research reports. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Susquehanna upped their target price on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lowered their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.25.

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.