Investment House LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,967 shares of the credit services provider’s stock after purchasing an additional 145 shares during the quarter. Investment House LLC’s holdings in Mastercard were worth $6,770,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of MA. Egerton Capital UK LLP lifted its stake in shares of Mastercard by 186.7% during the third quarter. Egerton Capital UK LLP now owns 1,574,036 shares of the credit services provider’s stock worth $532,292,000 after buying an additional 1,024,924 shares during the period. Morgan Stanley lifted its stake in shares of Mastercard by 6.5% during the third quarter. Morgan Stanley now owns 14,937,228 shares of the credit services provider’s stock worth $5,051,323,000 after buying an additional 908,871 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Mastercard by 359.9% during the third quarter. CIBC Private Wealth Group LLC now owns 1,027,019 shares of the credit services provider’s stock worth $347,202,000 after buying an additional 803,726 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Mastercard by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 15,422,569 shares of the credit services provider’s stock worth $5,185,528,000 after buying an additional 637,124 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Mastercard by 10.9% during the second quarter. Principal Financial Group Inc. now owns 2,696,071 shares of the credit services provider’s stock valued at $797,228,000 after purchasing an additional 265,070 shares during the period. Institutional investors and hedge funds own 67.87% of the company’s stock.
NYSE MA traded up $3.41 during trading hours on Wednesday, hitting $346.33. 4,113,326 shares of the company’s stock traded hands, compared to its average volume of 3,680,291. Mastercard Incorporated has a 52-week low of $199.99 and a 52-week high of $367.25. The company has a market capitalization of $345.27 billion, a PE ratio of 52.12, a PEG ratio of 3.09 and a beta of 1.19. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.85 and a quick ratio of 1.85. The firm’s 50-day moving average is $341.64 and its 200-day moving average is $329.23.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 9th. Shareholders of record on Friday, January 8th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, January 7th. This is an increase from Mastercard’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.51%. Mastercard’s dividend payout ratio is currently 22.65%.
Mastercard declared that its board has approved a share buyback plan on Tuesday, December 8th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of research analysts recently issued reports on MA shares. Wells Fargo & Company boosted their target price on shares of Mastercard from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Barclays restated a “buy” rating and set a $320.00 target price on shares of Mastercard in a research report on Tuesday, December 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mastercard from $320.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. KeyCorp decreased their target price on shares of Mastercard from $365.00 to $325.00 and set an “overweight” rating for the company in a research report on Monday, November 2nd. Finally, BMO Capital Markets decreased their target price on shares of Mastercard from $345.00 to $333.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have issued a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and an average target price of $352.18.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 13,248 shares of the stock in a transaction that occurred on Friday, January 8th. The shares were sold at an average price of $350.73, for a total value of $4,646,471.04. Following the sale, the insider now directly owns 38,447 shares of the company’s stock, valued at approximately $13,484,516.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 60,210 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $337.09, for a total transaction of $20,296,188.90. Over the last three months, insiders sold 524,958 shares of company stock worth $167,058,606. Insiders own 3.79% of the company’s stock.
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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