Huntington National Bank cut its position in Mastercard Incorporated (NYSE:MA) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,407 shares of the credit services provider’s stock after selling 1,753 shares during the period. Huntington National Bank’s holdings in Mastercard were worth $10,224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. TIAA FSB increased its position in shares of Mastercard by 2.2% during the third quarter. TIAA FSB now owns 86,868 shares of the credit services provider’s stock worth $12,265,000 after acquiring an additional 1,859 shares in the last quarter. Tirschwell & Loewy Inc. increased its position in shares of Mastercard by 0.5% during the third quarter. Tirschwell & Loewy Inc. now owns 155,700 shares of the credit services provider’s stock worth $21,984,000 after acquiring an additional 820 shares in the last quarter. Rathbone Brothers plc increased its position in shares of Mastercard by 0.3% during the third quarter. Rathbone Brothers plc now owns 275,823 shares of the credit services provider’s stock worth $38,946,000 after acquiring an additional 877 shares in the last quarter. First Trust Advisors LP increased its position in shares of Mastercard by 24.7% during the third quarter. First Trust Advisors LP now owns 234,796 shares of the credit services provider’s stock worth $33,153,000 after acquiring an additional 46,563 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. increased its position in shares of Mastercard by 5.0% during the third quarter. Armstrong Henry H Associates Inc. now owns 27,784 shares of the credit services provider’s stock worth $3,923,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors own 75.81% of the company’s stock.

Mastercard Incorporated (NYSE:MA) opened at $153.40 on Friday. Mastercard Incorporated has a 12-month low of $102.98 and a 12-month high of $154.65. The company has a market cap of $162,398.75, a PE ratio of 35.59, a PEG ratio of 2.04 and a beta of 1.20. 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 (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. sell-side analysts expect that Mastercard Incorporated will post 4.54 earnings per share for the current year.

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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is 20.47%.

Mastercard announced that its board has initiated a share repurchase program on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Several brokerages have recently issued reports on MA. Piper Jaffray Companies reissued an “overweight” rating and set a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a research report on Friday, September 8th. Sanford C. Bernstein reissued a “buy” rating and set a $180.00 price objective (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Cowen reissued a “buy” rating and set a $137.00 price objective on shares of Mastercard in a research report on Thursday, October 12th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reissued a “buy” rating and set a $150.00 price objective on shares of Mastercard in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $159.69.

In other news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the transaction, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock valued at $3,582,984. Insiders own 0.30% of the company’s stock.

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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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