Armstrong Henry H Associates Inc. lifted its position in Mastercard Incorporated (NYSE:MA) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,534 shares of the credit services provider’s stock after acquiring an additional 750 shares during the period. Mastercard accounts for 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 $4,319,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MA. Massey Quick Simon & CO. LLC acquired a new stake in shares of Mastercard in the third quarter worth approximately $102,000. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Mastercard in the third quarter worth approximately $106,000. Acrospire Investment Management LLC acquired a new stake in shares of Mastercard in the second quarter worth approximately $121,000. Finally, Horan Capital Advisors LLC. acquired a new stake in shares of Mastercard in the third quarter worth approximately $131,000. 75.66% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value 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 $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.

MA has been the topic of a number of research analyst reports. Citigroup lifted their price target on Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Credit Suisse Group reaffirmed a “hold” rating and issued a $164.00 price target on shares of Mastercard in a research note on Monday, January 8th. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, January 2nd. Morgan Stanley lifted their price target on Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Loop Capital lifted their price objective on Mastercard to $167.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. One investment 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. Mastercard currently has an average rating of “Buy” and an average price target of $176.64.

Shares of Mastercard Incorporated (NYSE:MA) opened at $170.12 on Wednesday. Mastercard Incorporated has a one year low of $107.76 and a one year high of $177.11. The company has a quick ratio of 1.66, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $180,100.00, a price-to-earnings ratio of 46.61, a PEG ratio of 1.53 and a beta of 1.26.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 20.2% on a year-over-year basis. sell-side analysts predict that Mastercard Incorporated will post 5.88 EPS for the current fiscal year.

Mastercard declared that its board has approved a stock buyback 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is presently 27.40%.

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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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