Westpac Banking Corp trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 9.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,106 shares of the credit services provider’s stock after selling 9,725 shares during the quarter. Westpac Banking Corp’s holdings in Mastercard were worth $14,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MA. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 2.3% in the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares during the period. Capital Research Global Investors boosted its holdings in shares of Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares during the period. Capital World Investors boosted its holdings in shares of Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Mastercard by 6.0% in the second quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock valued at $749,941,000 after acquiring an additional 347,768 shares during the period. 75.79% of the stock is owned by hedge funds and other institutional investors.

Mastercard Incorporated (MA) opened at $165.20 on Friday. The stock has a market capitalization of $174,890.95, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.66. Mastercard Incorporated has a 52-week low of $107.20 and a 52-week high of $177.11.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is 27.40%.

Mastercard announced that its board has authorized a stock buyback plan on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Several research firms have recently weighed in on MA. Piper Jaffray Companies increased their price objective on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Morgan Stanley increased their price objective on Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Barclays increased their price objective on Mastercard from $178.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Cantor Fitzgerald increased their price objective on Mastercard to $198.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Guggenheim reissued a “buy” rating and issued a $201.00 price objective on shares of Mastercard in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $176.64.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the 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 transaction, the insider now owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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Mastercard Company 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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