Homrich & Berg increased its holdings in Mastercard (NYSE:MA) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,363 shares of the credit services provider’s stock after purchasing an additional 504 shares during the period. Homrich & Berg’s holdings in Mastercard were worth $509,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wetherby Asset Management Inc. boosted its stake in Mastercard by 2.0% during the fourth quarter. Wetherby Asset Management Inc. now owns 16,112 shares of the credit services provider’s stock worth $2,439,000 after buying an additional 320 shares during the period. Mariner Wealth Advisors LLC boosted its stake in Mastercard by 2.0% during the fourth quarter. Mariner Wealth Advisors LLC now owns 52,210 shares of the credit services provider’s stock worth $7,902,000 after buying an additional 1,003 shares during the period. Wealthfront Inc. boosted its stake in Mastercard by 7.5% during the fourth quarter. Wealthfront Inc. now owns 37,996 shares of the credit services provider’s stock worth $5,751,000 after buying an additional 2,642 shares during the period. Virtu Financial LLC boosted its stake in Mastercard by 31.5% during the fourth quarter. Virtu Financial LLC now owns 21,992 shares of the credit services provider’s stock worth $3,329,000 after buying an additional 5,267 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Mastercard by 993.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 25,056 shares of the credit services provider’s stock worth $3,792,000 after buying an additional 22,765 shares during the period. Institutional investors own 76.04% of the company’s stock.
MA has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Royal Bank of Canada lowered shares of 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. Sanford C. Bernstein reaffirmed a “buy” rating and set a $180.00 price objective (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Finally, Vetr lowered shares of Mastercard from a “buy” rating to a “hold” rating and set a $158.61 price objective for the company. in a research note on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $177.40.
Shares of Mastercard (NYSE MA) opened at $180.58 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $191,930.16, a PE ratio of 49.47, a P/E/G ratio of 1.68 and a beta of 1.17. Mastercard has a fifty-two week low of $110.33 and a fifty-two week high of $183.73.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. research analysts anticipate that Mastercard will post 5.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Mastercard’s payout ratio is currently 27.40%.
Mastercard declared that its Board of Directors has approved a share buyback program on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
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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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