Roanoke Asset Management Corp NY reduced its position in shares of Mastercard Inc (NYSE:MA) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,547 shares of the credit services provider’s stock after selling 8,885 shares during the period. Mastercard makes up approximately 8.1% of Roanoke Asset Management Corp NY’s investment portfolio, making the stock its biggest position. Roanoke Asset Management Corp NY’s holdings in Mastercard were worth $16,884,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. TIAA FSB raised its position in Mastercard by 18.7% during the fourth quarter. TIAA FSB now owns 103,089 shares of the credit services provider’s stock valued at $15,603,000 after purchasing an additional 16,221 shares in the last quarter. Cryder Capital Partners LLP raised its position in Mastercard by 26.7% during the fourth quarter. Cryder Capital Partners LLP now owns 174,054 shares of the credit services provider’s stock valued at $26,345,000 after purchasing an additional 36,730 shares in the last quarter. Dock Street Asset Management Inc. raised its position in Mastercard by 11.1% during the fourth quarter. Dock Street Asset Management Inc. now owns 64,515 shares of the credit services provider’s stock valued at $9,765,000 after purchasing an additional 6,471 shares in the last quarter. BB&T Corp raised its position in Mastercard by 852.8% during the fourth quarter. BB&T Corp now owns 24,581 shares of the credit services provider’s stock valued at $3,720,000 after purchasing an additional 22,001 shares in the last quarter. Finally, Cadinha & Co. LLC raised its position in Mastercard by 1.9% during the fourth quarter. Cadinha & Co. LLC now owns 97,236 shares of the credit services provider’s stock valued at $14,718,000 after purchasing an additional 1,816 shares in the last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.
Shares of Mastercard Inc (MA) opened at $175.35 on Wednesday. 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 cap of $185,640.00, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26. Mastercard Inc has a 1 year low of $109.16 and a 1 year high of $177.11.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. equities research analysts expect that Mastercard Inc will post 5.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders 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 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is currently 22.37%.
Mastercard announced that its Board of Directors has approved a share buyback plan on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
Several research analysts have recently issued reports on MA shares. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price target for the company in a report on Wednesday. Royal Bank of Canada downgraded shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price target for the company. in a report on Thursday, January 4th. Guggenheim reiterated a “buy” rating and set a $201.00 price target on shares of Mastercard in a report on Friday, February 2nd. BMO Capital Markets reiterated an “outperform” rating and set a $174.00 price target (up from $157.00) on shares of Mastercard in a report on Wednesday, November 1st. Finally, Piper Jaffray Companies upped their price target on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $177.40.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the sale, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
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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