Signet Investment Advisory Group Inc. purchased a new stake in shares of Mastercard Inc (NYSE:MA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 300 shares of the credit services provider’s stock, valued at approximately $56,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Focused Wealth Management Inc bought a new stake in Mastercard in the fourth quarter valued at approximately $25,000. New Capital Management LP raised its stake in Mastercard by 50.0% in the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock valued at $28,000 after buying an additional 50 shares during the period. Avondale Wealth Management bought a new stake in Mastercard in the fourth quarter valued at approximately $28,000. Contravisory Investment Management Inc. raised its stake in Mastercard by 178.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 278 shares of the credit services provider’s stock valued at $52,000 after buying an additional 178 shares during the period. Finally, Hudock Capital Group LLC raised its stake in Mastercard by 600.0% in the fourth quarter. Hudock Capital Group LLC now owns 350 shares of the credit services provider’s stock valued at $65,000 after buying an additional 300 shares during the period. 81.33% of the stock is owned by hedge funds and other institutional investors.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 20,269 shares of the firm’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the transaction, the insider now owns 37,374 shares in the company, valued at approximately $7,457,234.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the transaction, the director now owns 40,183 shares in the company, valued at approximately $7,715,136. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.
Shares of NYSE MA opened at $217.10 on Tuesday. The company has a market cap of $223.68 billion, a PE ratio of 33.45, a PEG ratio of 1.73 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.55 and a current ratio of 1.39. Mastercard Inc has a 1-year low of $165.58 and a 1-year high of $225.35.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.03. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. Equities research analysts predict that Mastercard Inc will post 7.55 earnings per share for the current year.
Mastercard declared that its board has approved a share buyback program on Tuesday, December 4th that authorizes the company to buyback $6.50 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.61%. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.
Several analysts have issued reports on MA shares. Edward Jones upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Wells Fargo & Co dropped their price objective on Mastercard from $235.00 to $228.00 and set an “outperform” rating on the stock in a research note on Thursday, January 3rd. Jefferies Financial Group started coverage on Mastercard in a research note on Monday, January 28th. They issued a “buy” rating on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $245.00 price objective on shares of Mastercard in a research note on Friday, December 21st. Finally, BMO Capital Markets upped their price objective on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $224.75.
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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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