Spectrum Management Group Inc. Sells 420 Shares of Mastercard Incorporated (MA)

Spectrum Management Group Inc. lowered its position in Mastercard Incorporated (NYSE:MA) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,635 shares of the credit services provider’s stock after selling 420 shares during the quarter. Spectrum Management Group Inc.’s holdings in Mastercard were worth $1,502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MA. HighTower Advisors LLC raised its holdings in Mastercard by 8.8% during the first quarter. HighTower Advisors LLC now owns 90,089 shares of the credit services provider’s stock worth $10,112,000 after purchasing an additional 7,293 shares in the last quarter. Fayerweather Charles raised its holdings in Mastercard by 0.8% during the first quarter. Fayerweather Charles now owns 19,754 shares of the credit services provider’s stock worth $2,221,000 after purchasing an additional 160 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in Mastercard by 14.3% during the second quarter. Toth Financial Advisory Corp now owns 18,876 shares of the credit services provider’s stock worth $2,292,000 after purchasing an additional 2,359 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in Mastercard by 5.2% during the second quarter. Xact Kapitalforvaltning AB now owns 180,077 shares of the credit services provider’s stock worth $21,870,000 after purchasing an additional 8,855 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its holdings in Mastercard by 2.1% during the second quarter. Capital Asset Advisory Services LLC now owns 4,935 shares of the credit services provider’s stock worth $600,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

A number of research firms have weighed in on MA. Barclays reissued a “buy” rating and set a $170.00 price objective on shares of Mastercard in a report on Friday, January 5th. 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 report on Monday, December 11th. Mizuho reissued a “hold” rating and set a $140.00 price objective on shares of Mastercard in a report on Thursday, October 12th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Tuesday, January 2nd. Finally, Buckingham Research assumed coverage on shares of Mastercard in a report on Monday, October 2nd. They issued a “buy” rating and a $163.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $160.69.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction on 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction on 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. Insiders own 0.30% of the company’s stock.

Mastercard Incorporated (NYSE:MA) opened at $159.50 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a market cap of $168,860.00, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21. Mastercard Incorporated has a 12 month low of $104.01 and a 12 month high of $160.48.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s payout ratio is currently 20.51%.

Mastercard announced that its Board of Directors has approved a stock repurchase program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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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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