Generali Asset Management SPA SGR acquired a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 107,744 shares of the credit services provider’s stock, valued at approximately $56,735,000. Mastercard comprises 1.5% of Generali Asset Management SPA SGR’s holdings, making the stock its 9th largest position.
A number of other institutional investors have also modified their holdings of MA. Bank of Montreal Can raised its stake in shares of Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after buying an additional 1,965,782 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mastercard in the 4th quarter valued at about $837,017,000. Proficio Capital Partners LLC increased its stake in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after purchasing an additional 1,553,329 shares in the last quarter. FMR LLC increased its stake in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after purchasing an additional 700,769 shares in the last quarter. Finally, Amundi increased its stake in shares of Mastercard by 13.1% in the 4th quarter. Amundi now owns 4,899,438 shares of the credit services provider’s stock valued at $2,532,541,000 after purchasing an additional 565,717 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Keefe, Bruyette & Woods lifted their price target on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Oppenheimer lowered their price objective on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Macquarie lifted their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $606.11.
Mastercard Stock Up 1.0 %
MA stock opened at $532.66 on Tuesday. The firm has a market cap of $485.63 billion, a PE ratio of 38.35, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $545.80 and its 200-day moving average price is $523.50. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23.
Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.
Mastercard Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is presently 21.89%.
Mastercard announced that its Board of Directors has initiated a share repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.
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