Man Group plc lowered its holdings in Mastercard Inc (NYSE:MA) by 13.7% in the fourth quarter, Holdings Channel reports. The firm owned 164,180 shares of the credit services provider’s stock after selling 25,977 shares during the quarter. Man Group plc’s holdings in Mastercard were worth $49,022,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Mastercard in the third quarter valued at about $30,552,000. UMA Financial Services Inc. purchased a new stake in Mastercard during the third quarter worth about $606,000. Voya Financial Advisors Inc. increased its holdings in Mastercard by 8.5% during the third quarter. Voya Financial Advisors Inc. now owns 58,439 shares of the credit services provider’s stock worth $15,728,000 after buying an additional 4,582 shares during the last quarter. Headinvest LLC increased its holdings in Mastercard by 13.2% during the third quarter. Headinvest LLC now owns 1,082 shares of the credit services provider’s stock worth $294,000 after buying an additional 126 shares during the last quarter. Finally, united american securities inc. d b a uas asset management boosted its position in Mastercard by 94.6% during the third quarter. united american securities inc. d b a uas asset management now owns 27,755 shares of the credit services provider’s stock worth $7,537,000 after purchasing an additional 13,490 shares during the period. 75.61% of the stock is owned by institutional investors and hedge funds.
MA has been the subject of a number of research reports. Citigroup cut their target price on shares of Mastercard from $375.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Robert W. Baird cut their target price on shares of Mastercard from $348.00 to $314.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. Oppenheimer increased their target price on shares of Mastercard from $312.00 to $345.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Macquarie initiated coverage on shares of Mastercard in a research report on Tuesday, January 21st. They set an “outperform” rating and a $365.00 target price for the company. Finally, Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research report on Wednesday, March 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Mastercard has an average rating of “Buy” and an average price target of $327.33.
MA stock opened at $237.07 on Wednesday. The firm has a 50 day moving average of $295.79 and a 200-day moving average of $290.39. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.44. Mastercard Inc has a 12 month low of $199.99 and a 12 month high of $347.25. The firm has a market capitalization of $204.34 billion, a P/E ratio of 29.86, a price-to-earnings-growth ratio of 1.52 and a beta of 1.00.
Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, January 29th. The credit services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. Mastercard had a net margin of 48.08% and a return on equity of 150.46%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period last year, the business earned $1.55 earnings per share. Mastercard’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that Mastercard Inc will post 8.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is currently 20.59%.
Mastercard announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 3rd that authorizes the company to repurchase $8.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In related news, major shareholder Foundation Mastercard sold 38,536 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $312.75, for a total value of $12,052,134.00. Following the sale, the insider now directly owns 111,833,391 shares of the company’s stock, valued at $34,975,893,035.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance Darrell Gordon Uggla bought 1,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $265.00 per share, for a total transaction of $265,000.00. Following the completion of the purchase, the director now directly owns 5,691 shares of the company’s stock, valued at $1,508,115. The disclosure for this purchase can be found here. Insiders sold 425,819 shares of company stock valued at $135,948,244 over the last 90 days. 3.70% of the stock is owned by company insiders.
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.
Recommended Story: Why are percentage gainers important?
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.