Benjamin F. Edwards & Company Inc. increased its stake in shares of Mastercard Inc (NYSE:MA) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,910 shares of the credit services provider’s stock after purchasing an additional 387 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Mastercard were worth $2,247,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Focused Wealth Management Inc bought a new position in Mastercard during the fourth quarter valued at approximately $25,000. Ruggie Capital Group bought a new position in Mastercard during the fourth quarter worth $27,000. New Capital Management LP increased its position in Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 50 shares during the period. Avondale Wealth Management bought a new position in Mastercard during the fourth quarter worth $28,000. Finally, Intercontinental Wealth Advisors LLC bought a new position in Mastercard during the fourth quarter worth $36,000. Institutional investors and hedge funds own 81.33% of the company’s stock.
Shares of NYSE:MA opened at $220.54 on Thursday. The stock has a market cap of $226.09 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.73 and a beta of 1.11. Mastercard Inc has a 1-year low of $167.94 and a 1-year high of $225.35. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.55.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. As a group, sell-side analysts expect that Mastercard Inc will post 7.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.34%.
Mastercard announced that its Board of Directors has approved a share repurchase plan on Tuesday, December 4th that authorizes the company to repurchase $6.50 billion in shares. This repurchase authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have weighed in on MA shares. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $216.00 price target on the stock in a research note on Thursday, November 29th. Loop Capital set a $232.00 price target on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $230.00 to $207.00 in a research note on Tuesday, January 8th. Wells Fargo & Co decreased their price target on shares of Mastercard from $235.00 to $228.00 and set an “outperform” rating on the stock in a research note on Thursday, January 3rd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $245.00 price target on shares of Mastercard in a research note on Friday, December 21st. Three research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $224.75.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the completion of the sale, the director now directly owns 40,183 shares of the company’s stock, valued at approximately $7,715,136. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the sale, the insider now directly owns 37,374 shares of the company’s stock, valued at $7,457,234.22. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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