Armstrong Henry H Associates Inc. lifted its position in Mastercard Incorporated (NYSE:MA) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,784 shares of the credit services provider’s stock after acquiring an additional 1,325 shares during the period. Mastercard comprises approximately 0.7% of Armstrong Henry H Associates Inc.’s holdings, making the stock its 13th largest position. Armstrong Henry H Associates Inc.’s holdings in Mastercard were worth $3,923,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MA. Chicago Partners Investment Group LLC grew its position in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. grew its position in Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares in the last quarter. Proficio Capital Partners LLC grew its position in Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mastercard during the second quarter valued at approximately $121,000. Finally, Acrospire Investment Management LLC purchased a new position in Mastercard during the second quarter valued at approximately $121,000. 75.81% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now directly owns 40,646 shares in the company, valued at $5,766,041.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $3,582,984 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

A number of research analysts recently commented on MA shares. Wedbush reaffirmed a “buy” rating and set a $140.00 price objective (up from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. Susquehanna Bancshares reaffirmed a “positive” rating and set a $158.00 price objective (up from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Barclays boosted their price objective on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Citigroup boosted their price objective on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Instinet reiterated a “buy” rating and issued a $163.00 target price (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $159.69.

Shares of Mastercard Incorporated (NYSE:MA) opened at $153.40 on Friday. 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 $102.98 and a one year high of $154.65. The firm has a market cap of $160,842.52, a price-to-earnings ratio of 35.25, a PEG ratio of 2.02 and a beta of 1.20.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period in the previous year, the company earned $1.08 earnings per share. Mastercard’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s payout ratio is presently 20.47%.

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Mastercard 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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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