IFC Holdings Incorporated FL grew its stake in Mastercard Inc (NYSE:MA) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,042 shares of the credit services provider’s stock after purchasing an additional 703 shares during the quarter. IFC Holdings Incorporated FL’s holdings in Mastercard were worth $2,731,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Mutual of America Capital Management LLC raised its holdings in Mastercard by 2.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 116,340 shares of the credit services provider’s stock worth $17,609,000 after purchasing an additional 3,178 shares in the last quarter. Dupont Capital Management Corp raised its holdings in Mastercard by 65.2% in the 4th quarter. Dupont Capital Management Corp now owns 41,246 shares of the credit services provider’s stock worth $6,243,000 after purchasing an additional 16,277 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX raised its holdings in Mastercard by 14.7% in the 4th quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 24,038 shares of the credit services provider’s stock worth $3,638,000 after purchasing an additional 3,085 shares in the last quarter. Savant Capital LLC raised its holdings in Mastercard by 8.5% in the 4th quarter. Savant Capital LLC now owns 4,931 shares of the credit services provider’s stock worth $746,000 after purchasing an additional 388 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in Mastercard by 63.0% in the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 880 shares of the credit services provider’s stock worth $133,000 after purchasing an additional 340 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 $175.76 on Friday. The firm has a market cap of $186,070.00, a PE ratio of 39.32, a price-to-earnings-growth ratio of 1.60 and a beta of 1.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. Mastercard Inc has a 12 month low of $109.76 and a 12 month high of $177.11.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. Mastercard’s revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. equities research analysts predict that Mastercard Inc will post 5.88 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid 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 is currently 22.37%.
Mastercard announced that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Several research analysts have commented on MA shares. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. SunTrust Banks upped their price objective on shares of Mastercard to $180.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank of Canada lowered shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective for the company. in a report on Thursday, January 4th. Finally, Sanford C. Bernstein reiterated a “buy” rating and issued a $180.00 price target (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The stock presently has a consensus 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 firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.
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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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