Mastercard Incorporated (NYSE:MA) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 129,814 shares of the credit services provider’s stock after acquiring an additional 275 shares during the period. New York Life Investment Management LLC’s holdings in Mastercard were worth $55,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MA. International Assets Investment Management LLC boosted its holdings in shares of Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Mastercard by 3,339.9% in the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after purchasing an additional 791,799 shares during the period. Lone Pine Capital LLC boosted its stake in Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after purchasing an additional 569,534 shares in the last quarter. Jennison Associates LLC increased its position in shares of Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after purchasing an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Mastercard by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after buying an additional 428,627 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 114,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $462.57, for a total transaction of $52,732,980.00. Following the completion of the sale, the insider now owns 96,767,308 shares in the company, valued at $44,761,653,661.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 480,630 shares of company stock valued at $221,479,470. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Raymond James lifted their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. TD Cowen initiated coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Finally, Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Stock Performance

MA stock traded down $9.13 during trading on Wednesday, reaching $442.07. 4,978,290 shares of the stock were exchanged, compared to its average volume of 2,440,912. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The stock has a 50 day simple moving average of $471.12 and a 200-day simple moving average of $437.38. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $412.40 billion, a P/E ratio of 37.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period last year, the business posted $2.65 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is currently 22.32%.

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.