Brown Advisory Securities LLC increased its position in shares of Mastercard (NYSE:MA) by 16.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,066 shares of the credit services provider’s stock after purchasing an additional 12,716 shares during the quarter. Mastercard makes up about 2.6% of Brown Advisory Securities LLC’s holdings, making the stock its 4th biggest position. Brown Advisory Securities LLC’s holdings in Mastercard were worth $13,334,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. West Chester Capital Advisors Inc. bought a new stake in Mastercard in the fourth quarter worth about $361,000. State of Tennessee Treasury Department raised its position in Mastercard by 3.1% in the fourth quarter. State of Tennessee Treasury Department now owns 357,918 shares of the credit services provider’s stock worth $54,175,000 after acquiring an additional 10,711 shares during the period. GM Advisory Group Inc. raised its position in Mastercard by 17.5% in the fourth quarter. GM Advisory Group Inc. now owns 3,553 shares of the credit services provider’s stock worth $538,000 after acquiring an additional 530 shares during the period. Norinchukin Bank The raised its position in Mastercard by 3.8% in the fourth quarter. Norinchukin Bank The now owns 121,348 shares of the credit services provider’s stock worth $18,367,000 after acquiring an additional 4,452 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its position in Mastercard by 13.4% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 90,201 shares of the credit services provider’s stock worth $13,653,000 after acquiring an additional 10,636 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.
In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total value of $1,089,445.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the completion of the transaction, the general counsel now directly owns 59,907 shares of the company’s stock, valued at approximately $10,809,619.08. The disclosure for this sale can be found here. In the last three months, insiders sold 53,745 shares of company stock valued at $9,222,084. Corporate insiders own 0.30% of the company’s stock.
Several research firms have recently issued reports on MA. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target on the stock in a research report on Thursday, January 11th. Sandler O’Neill raised shares of Mastercard from a “sell” rating to a “hold” rating in a research report on Thursday, February 1st. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Piper Jaffray Companies boosted their price target on shares of Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald boosted their price target on shares of Mastercard to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. 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 presently has an average rating of “Buy” and a consensus target price of $177.40.
Shares of Mastercard (NYSE:MA) opened at $175.52 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $191,888.09, a P/E ratio of 48.09, a P/E/G ratio of 1.68 and a beta of 1.17. Mastercard has a twelve month low of $110.33 and a twelve month high of $183.73.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. analysts forecast that Mastercard will post 5.93 earnings per share for the current fiscal year.
Mastercard declared that its board has approved a share buyback program on Monday, December 4th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend 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 presently 27.40%.
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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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