Wasatch Advisors Inc. Has $1.86 Million Position in Mastercard Incorporated (MA)
Wasatch Advisors Inc. decreased its position in Mastercard Incorporated (NYSE:MA) by 50.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,285 shares of the credit services provider’s stock after selling 12,400 shares during the period. Wasatch Advisors Inc.’s holdings in Mastercard were worth $1,859,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its stake in Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares during the period. Legal & General Group Plc lifted its stake in Mastercard by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 4,608,529 shares of the credit services provider’s stock valued at $559,717,000 after acquiring an additional 88,910 shares during the period. Comerica Bank lifted its stake in Mastercard by 4.7% during the 2nd quarter. Comerica Bank now owns 296,182 shares of the credit services provider’s stock valued at $38,362,000 after acquiring an additional 13,359 shares during the period. Allegis Investment Advisors LLC lifted its stake in Mastercard by 6.2% during the 2nd quarter. Allegis Investment Advisors LLC now owns 24,674 shares of the credit services provider’s stock valued at $2,997,000 after acquiring an additional 1,438 shares during the period. Finally, Highstreet Asset Management Inc. lifted its stake in Mastercard by 43.8% during the 2nd quarter. Highstreet Asset Management Inc. now owns 12,098 shares of the credit services provider’s stock valued at $1,470,000 after acquiring an additional 3,684 shares during the period. Institutional investors own 75.79% of the company’s stock.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period last year, the firm posted $0.86 EPS. The company’s revenue was up 20.2% on a year-over-year basis. equities research analysts anticipate that Mastercard Incorporated will post 5.88 earnings per share for the current year.
Mastercard declared that its board has authorized a share repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is currently 27.40%.
Several equities analysts have issued reports on MA shares. Zacks Investment Research cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Citigroup upped their target price on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. SunTrust Banks upped their target price on shares of Mastercard to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada cut shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective on the stock. in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $176.64.
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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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