First Quadrant L P CA Has $14.35 Million Stake in Mastercard Incorporated (MA)
First Quadrant L P CA cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 16.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,818 shares of the credit services provider’s stock after selling 19,027 shares during the period. First Quadrant L P CA’s holdings in Mastercard were worth $14,352,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of MA. Webster Bank N. A. lifted its stake in Mastercard by 8.6% in the 4th quarter. Webster Bank N. A. now owns 5,706 shares of the credit services provider’s stock valued at $864,000 after buying an additional 451 shares in the last quarter. Cornerstone Financial Partners LLC purchased a new position in Mastercard in the 4th quarter valued at about $314,000. Steward Partners Investment Advisory LLC lifted its stake in Mastercard by 473.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 41,603 shares of the credit services provider’s stock valued at $6,297,000 after buying an additional 34,350 shares in the last quarter. Intermede Investment Partners Ltd lifted its stake in Mastercard by 5.1% in the 4th quarter. Intermede Investment Partners Ltd now owns 461,275 shares of the credit services provider’s stock valued at $69,819,000 after buying an additional 22,272 shares in the last quarter. Finally, TRUE Private Wealth Advisors purchased a new position in Mastercard in the 4th quarter valued at about $220,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.
A number of brokerages recently weighed in on MA. Vetr raised shares of Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target on the stock in a research note on Thursday, January 11th. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 price target (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Argus raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald raised their price target on shares of Mastercard to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $176.64.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. sell-side analysts forecast that Mastercard Incorporated will post 5.88 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is 27.40%.
Mastercard declared that its board has approved a stock buyback program on Monday, December 4th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the business’s stock in a transaction on 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 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 legal filing with the SEC, which is accessible through this hyperlink. 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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