Strs Ohio trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 861,918 shares of the credit services provider’s stock after selling 63,442 shares during the period. Strs Ohio’s holdings in Mastercard were worth $130,459,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. First Interstate Bank grew its stake in shares of Mastercard by 1.4% in the 2nd quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock valued at $200,000 after purchasing an additional 23 shares during the period. Sullivan Bruyette Speros & Blaney LLC grew its stake in shares of Mastercard by 1.8% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock valued at $295,000 after purchasing an additional 44 shares during the period. American Asset Management Inc. grew its stake in shares of Mastercard by 2.4% in the 2nd quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 50 shares during the period. Intellectus Partners LLC grew its stake in shares of Mastercard by 3.2% in the 2nd quarter. Intellectus Partners LLC now owns 2,454 shares of the credit services provider’s stock valued at $298,000 after purchasing an additional 76 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Mastercard by 0.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 19,556 shares of the credit services provider’s stock valued at $2,375,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 75.66% of the company’s stock.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. equities analysts expect that Mastercard Incorporated will post 5.88 earnings per share for the current year.
Mastercard declared that its board has initiated a stock repurchase program on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The company 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 annualized dividend and a yield of 0.59%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio is 27.40%.
Several research firms have recently weighed in on MA. Vetr upgraded Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price objective on the stock in a research note on Thursday, January 11th. Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Sanford C. Bernstein reiterated a “buy” rating and issued a $180.00 price objective (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald upped their price objective on Mastercard to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $176.64.
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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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