Steward Partners Investment Advisory LLC Increases Holdings in Mastercard Incorporated (MA)
Steward Partners Investment Advisory LLC raised its position in Mastercard Incorporated (NYSE:MA) by 473.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,603 shares of the credit services provider’s stock after purchasing an additional 34,350 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Mastercard were worth $6,297,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after purchasing an additional 1,490,267 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Mastercard by 784.3% in the 2nd 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 purchasing an additional 14,962,583 shares in the last quarter. Capital Research Global Investors lifted its holdings in Mastercard by 15.8% in the 2nd 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 purchasing an additional 1,729,179 shares in the last quarter. Capital World Investors lifted its holdings in Mastercard by 2.3% in the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after purchasing an additional 289,488 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Mastercard by 6.0% in the 2nd 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 purchasing an additional 347,768 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.
A number of brokerages have 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 report on Thursday, January 11th. Tigress Financial restated a “buy” rating on shares of Mastercard in a report on Thursday, February 8th. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 price target (up previously from $166.00) on shares of Mastercard in a report on Monday, December 11th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Friday, February 2nd. Finally, Cantor Fitzgerald lifted their price target on Mastercard to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty-one have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $176.64.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. Mastercard’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. equities analysts predict that Mastercard Incorporated will post 5.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is currently 27.40%.
Mastercard declared that its board has authorized a stock repurchase plan on Monday, December 4th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.
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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