HighPoint Advisor Group LLC Maintains Position in Mastercard Incorporated (MA)
HighPoint Advisor Group LLC held its stake in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,144 shares of the credit services provider’s stock at the close of the second quarter. HighPoint Advisor Group LLC’s holdings in Mastercard were worth $278,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Mastercard by 2.3% during the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after buying an additional 1,490,267 shares during the last quarter. State Street Corp grew its holdings in shares of Mastercard by 0.4% during the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Mastercard by 784.3% during the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after buying an additional 14,962,583 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Mastercard by 15.8% during the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after buying an additional 1,729,179 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Mastercard by 2.3% during the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after buying an additional 289,488 shares during the last quarter. 75.81% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on MA. Vetr upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $157.45 price target on the stock in a report on Wednesday, November 29th. Cantor Fitzgerald began coverage on shares of Mastercard in a report on Thursday, September 28th. They set an “overweight” rating and a $165.00 price target on the stock. BidaskClub upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, September 21st. Finally, Mizuho reiterated a “hold” rating and set a $140.00 price target on shares of Mastercard in a report on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $159.22.
Shares of Mastercard Incorporated (NYSE MA) traded up $2.29 during trading on Thursday, hitting $147.42. 3,751,900 shares of the stock traded hands, compared to its average volume of 3,219,893. The stock has a market cap of $153,643.63, a PE ratio of 33.67, a PEG ratio of 1.93 and a beta of 1.20. Mastercard Incorporated has a 1-year low of $102.62 and a 1-year high of $154.65. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. equities research analysts expect 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. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.
Mastercard declared that its Board of Directors has authorized a stock buyback 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 reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
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Mastercard Company Profile
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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