LMR Partners LLP trimmed its position in shares of Mastercard Inc (NYSE:MA) by 68.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,451 shares of the credit services provider’s stock after selling 37,433 shares during the quarter. LMR Partners LLP’s holdings in Mastercard were worth $5,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. John W. Brooker & Co. CPAs purchased a new stake in Mastercard in the 4th quarter worth approximately $38,000. Samalin Investment Counsel LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $41,000. Lloyd Advisory Services LLC. acquired a new stake in Mastercard during the 4th quarter valued at approximately $48,000. First Command Bank increased its position in Mastercard by 96.3% during the 4th quarter. First Command Bank now owns 161 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 79 shares during the period. Finally, Wealthcare Capital Management LLC increased its position in Mastercard by 66.3% during the 4th quarter. Wealthcare Capital Management LLC now owns 168 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 67 shares during the period. 75.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have weighed in on MA shares. Stephens decreased their target price on shares of Mastercard from $343.00 to $264.00 and set an “overweight” rating for the company in a research report on Wednesday. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a research report on Wednesday, March 18th. UBS Group upped their price target on Mastercard from $360.00 to $370.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada lowered their price target on Mastercard from $316.00 to $287.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Compass Point assumed coverage on Mastercard in a report on Thursday, December 5th. They set a “buy” rating and a $330.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $323.81.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 29th. The credit services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.09. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.40 billion. Mastercard had a net margin of 48.08% and a return on equity of 150.46%. Mastercard’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 EPS. Sell-side analysts forecast that Mastercard Inc will post 8.81 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, April 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.61%. Mastercard’s dividend payout ratio (DPR) is 20.59%.
Mastercard announced that its board has approved a share repurchase program on Tuesday, December 3rd that authorizes the company to buyback $8.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, Director Lance Darrell Gordon Uggla bought 1,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of $265.00 per share, with a total value of $265,000.00. Following the completion of the purchase, the director now directly owns 5,691 shares of the company’s stock, valued at $1,508,115. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 954 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $335.00, for a total transaction of $319,590.00. Following the sale, the chief marketing officer now directly owns 13,093 shares of the company’s stock, valued at approximately $4,386,155. The disclosure for this sale can be found here. In the last 90 days, insiders sold 425,819 shares of company stock valued at $135,948,244. Insiders own 3.70% of the company’s stock.
Mastercard Company Profile
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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