ING Groep NV grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 85.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 473,702 shares of the credit services provider’s stock after purchasing an additional 218,915 shares during the quarter. Mastercard comprises approximately 1.3% of ING Groep NV’s portfolio, making the stock its 16th biggest holding. ING Groep NV’s holdings in Mastercard were worth $66,887,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Massey Quick Simon & CO. LLC bought a new position in shares of Mastercard in the third quarter valued at approximately $102,000. Chicago Partners Investment Group LLC boosted its position in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its position in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mastercard in the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.
A number of equities analysts have recently commented on the stock. Vetr upgraded shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective for the company in a research report on Thursday. Sanford C. Bernstein restated a “buy” rating and issued a $180.00 price objective (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Cowen restated a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Mizuho restated a “hold” rating and issued a $140.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Mastercard has an average rating of “Buy” and an average price target of $161.82.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.
Shares of Mastercard Incorporated (NYSE:MA) opened at $162.33 on Friday. The firm has a market cap of $171,850.00, a P/E ratio of 37.84, a P/E/G ratio of 1.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. Mastercard Incorporated has a one year low of $104.01 and a one year high of $162.52.
Mastercard (NYSE:MA) last announced 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. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. equities analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. Mastercard’s dividend payout ratio (DPR) is 23.31%.
Mastercard declared that its board has approved a stock repurchase program 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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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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