Mastercard Incorporated (NYSE:MA) Shares Bought by Roble Belko & Company Inc

Roble Belko & Company Inc grew its position in Mastercard Incorporated (NYSE:MA) by 2,395.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,309 shares of the credit services provider’s stock after buying an additional 7,976 shares during the quarter. Mastercard accounts for 0.7% of Roble Belko & Company Inc’s holdings, making the stock its 26th largest holding. Roble Belko & Company Inc’s holdings in Mastercard were worth $3,544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Northern Trust Corp grew its stake in Mastercard by 2.9% during the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after purchasing an additional 251,516 shares in the last quarter. Jennison Associates LLC grew its position in shares of Mastercard by 6.9% during the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after buying an additional 515,481 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Mastercard by 5.9% during the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after buying an additional 306,663 shares during the period. Royal Bank of Canada raised its holdings in Mastercard by 1.1% in the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after acquiring an additional 56,642 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Mastercard by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock worth $1,804,372,000 after acquiring an additional 16,019 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MA shares. Robert W. Baird lifted their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Royal Bank of Canada increased their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Finally, Mizuho reaffirmed a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Price Performance

Shares of MA traded up $1.56 during trading hours on Monday, reaching $456.95. 2,157,134 shares of the company traded hands, compared to its average volume of 2,405,142. The stock has a market capitalization of $426.28 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. The stock has a fifty day simple moving average of $471.66 and a 200 day simple moving average of $434.80. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the company earned $2.65 EPS. As a group, research analysts predict that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold 148,630 shares of company stock valued at $68,440,330 in the last ninety days. Company insiders own 0.13% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.