Boston Private Wealth LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,300 shares of the credit services provider’s stock after buying an additional 536 shares during the quarter. Boston Private Wealth LLC’s holdings in Mastercard were worth $3,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in MA. Harding Loevner LP boosted its stake in Mastercard by 170.7% during the third quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock valued at $194,599,000 after buying an additional 2,173,507 shares during the period. BB&T Securities LLC boosted its stake in Mastercard by 7.0% during the third quarter. BB&T Securities LLC now owns 128,451 shares of the credit services provider’s stock valued at $18,137,000 after buying an additional 8,370 shares during the period. Thornburg Investment Management Inc. boosted its stake in Mastercard by 3.9% during the third quarter. Thornburg Investment Management Inc. now owns 366,102 shares of the credit services provider’s stock valued at $51,694,000 after buying an additional 13,851 shares during the period. Investment Centers of America Inc. boosted its stake in Mastercard by 19.7% during the third quarter. Investment Centers of America Inc. now owns 2,760 shares of the credit services provider’s stock valued at $390,000 after buying an additional 455 shares during the period. Finally, Tiedemann Wealth Management LLC boosted its stake in Mastercard by 6.7% during the third quarter. Tiedemann Wealth Management LLC now owns 15,835 shares of the credit services provider’s stock valued at $1,969,000 after buying an additional 988 shares during the period. 75.61% of the stock is owned by institutional investors and hedge funds.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the sale, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
MA has been the subject of several research analyst reports. KeyCorp reissued a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research note on Wednesday, October 18th. Royal Bank of Canada lowered Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective for the company. in a research note on Thursday, January 4th. BMO Capital Markets reissued an “outperform” rating and set a $174.00 price objective (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and set a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Finally, Credit Suisse Group reissued a “hold” rating and set a $164.00 price objective on shares of Mastercard in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $162.22.
Shares of Mastercard Incorporated (NYSE MA) opened at $166.83 on Monday. Mastercard Incorporated has a 52 week low of $104.01 and a 52 week high of $166.95. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $176,620.00, a PE ratio of 38.89, a PEG ratio of 1.88 and a beta of 1.21.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the company posted $1.08 EPS. Mastercard’s revenue for the quarter was up 18.1% on a year-over-year basis. analysts expect that Mastercard Incorporated will post 4.55 earnings per share for the current year.
Mastercard declared that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is 23.31%.
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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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