BNP Paribas Arbitrage SA boosted its stake in Mastercard Inc (NYSE:MA) by 47.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,390 shares of the credit services provider’s stock after purchasing an additional 64,034 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Mastercard were worth $30,028,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors purchased a new stake in Mastercard during the second quarter worth approximately $172,000. Royal Bank of Canada grew its stake in Mastercard by 1.2% during the second quarter. Royal Bank of Canada now owns 4,136,794 shares of the credit services provider’s stock worth $502,413,000 after buying an additional 50,050 shares during the period. Temasek Holdings Private Ltd grew its stake in Mastercard by 245.7% during the third quarter. Temasek Holdings Private Ltd now owns 923,068 shares of the credit services provider’s stock worth $130,337,000 after buying an additional 656,062 shares during the period. Intl Fcstone Inc. purchased a new stake in Mastercard during the second quarter worth approximately $1,873,000. Finally, Toronto Dominion Bank grew its stake in Mastercard by 10.9% during the third quarter. Toronto Dominion Bank now owns 371,535 shares of the credit services provider’s stock worth $52,460,000 after buying an additional 36,578 shares during the period. Institutional investors own 75.51% of the company’s stock.
Several equities research analysts have issued reports on MA shares. Sanford C. Bernstein reiterated a “buy” rating and set a $166.00 price objective (up from $145.00) on shares of Mastercard in a research note on Monday, October 30th. They noted that the move was a valuation call. Cantor Fitzgerald reiterated a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research note on Tuesday, October 31st. Loop Capital boosted their price objective on shares of Mastercard to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. BMO Capital Markets reiterated an “outperform” rating and set a $174.00 price objective (up from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Finally, KeyCorp reiterated an “overweight” rating and set a $170.00 price objective (up from $165.00) on shares of Mastercard in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and a consensus target price of $177.40.
Shares of Mastercard Inc (MA) opened at $175.76 on Monday. The stock has a market cap of $186,070.00, a price-to-earnings ratio of 39.32, a P/E/G ratio of 1.63 and a beta of 1.26. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard Inc has a twelve month low of $109.76 and a twelve month high of $177.11.
Mastercard (NYSE:MA) last posted its quarterly earnings results 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 analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. equities analysts predict that Mastercard Inc will post 5.88 EPS for the current fiscal year.
The business also recently declared 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 is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is presently 22.37%.
Mastercard announced that its Board of Directors has authorized a share buyback program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.
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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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