Honkamp Krueger Financial Services Inc. lessened its holdings in shares of Mastercard (NYSE:MA) by 9.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,306 shares of the credit services provider’s stock after selling 326 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Mastercard were worth $500,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Centaurus Financial Inc. bought a new stake in shares of Mastercard in the 4th quarter worth $605,000. Trustcore Financial Services LLC bought a new stake in shares of Mastercard in the 4th quarter worth $120,000. Valeo Financial Advisors LLC raised its stake in shares of Mastercard by 21.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 16,574 shares of the credit services provider’s stock worth $2,509,000 after buying an additional 2,931 shares in the last quarter. Homrich & Berg raised its stake in shares of Mastercard by 17.6% in the 4th quarter. Homrich & Berg now owns 3,363 shares of the credit services provider’s stock worth $509,000 after buying an additional 504 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its stake in shares of Mastercard by 2.0% in the 4th quarter. Wetherby Asset Management Inc. now owns 16,112 shares of the credit services provider’s stock worth $2,439,000 after buying an additional 320 shares in the last quarter. Institutional investors own 76.04% of the company’s stock.
MA stock opened at $182.51 on Wednesday. The firm has a market capitalization of $189,858.94, a price-to-earnings ratio of 50.00, a P/E/G ratio of 1.66 and a beta of 1.17. Mastercard has a 52-week low of $110.33 and a 52-week high of $183.73. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. Mastercard’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. equities analysts predict that Mastercard will post 5.93 EPS for the current fiscal year.
Mastercard declared that its Board of Directors has approved a share repurchase plan on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is 27.40%.
In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $183.10, for a total value of $1,089,445.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the business’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $180.44, for a total value of $5,526,516.32. Following the completion of the transaction, the general counsel now owns 59,907 shares in the company, valued at approximately $10,809,619.08. The disclosure for this sale can be found here. Insiders have sold 53,745 shares of company stock worth $9,222,084 over the last three months. 0.30% of the stock is owned by insiders.
MA has been the topic of a number of research reports. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada downgraded Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective on the stock. in a research note on Thursday, January 4th. Guggenheim reissued a “buy” rating and issued a $201.00 price objective on shares of Mastercard in a research note on Friday, February 2nd. Piper Jaffray Companies boosted their price objective on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Credit Suisse Group reissued a “hold” rating and issued a $164.00 price objective on shares of Mastercard in a research note on Monday, January 8th. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $177.40.
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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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