First Interstate Bank increased its stake in Mastercard Incorporated (NYSE:MA) by 47.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,423 shares of the credit services provider’s stock after acquiring an additional 780 shares during the period. First Interstate Bank’s holdings in Mastercard were worth $342,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Massey Quick Simon & CO. LLC purchased a new stake in Mastercard during the third quarter valued at about $102,000. Chicago Partners Investment Group LLC boosted 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 buying an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted 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 buying an additional 546 shares during the period. Proficio Capital Partners LLC boosted 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 buying an additional 12 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mastercard during the second quarter valued at about $121,000. Institutional investors own 75.58% of the company’s stock.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the 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 of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Several research firms have issued reports on MA. Barclays restated a “buy” rating and set a $170.00 price target on shares of Mastercard in a research report on Friday, January 5th. Sanford C. Bernstein restated a “buy” rating and set a $180.00 price target (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Mizuho restated a “hold” rating and set a $140.00 price target on shares of Mastercard in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Tuesday, January 2nd. Finally, Buckingham Research began coverage on shares of Mastercard in a research report on Monday, October 2nd. They set a “buy” rating and a $163.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Mastercard has a consensus rating of “Buy” and a consensus target price of $161.82.

Shares of Mastercard Incorporated (NYSE:MA) opened at $162.33 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $171,850.00, a PE ratio of 37.84, a PEG ratio of 1.80 and a beta of 1.21. Mastercard Incorporated has a 1-year low of $104.01 and a 1-year high of $162.52.

Mastercard (NYSE:MA) last posted its earnings results 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. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. research analysts predict that Mastercard Incorporated will post 4.54 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be paid a $0.25 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio is presently 23.31%.

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About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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