Aperio Group LLC increased its stake in shares of Mastercard Inc (NYSE:MA) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 548,417 shares of the credit services provider’s stock after acquiring an additional 21,754 shares during the period. Aperio Group LLC’s holdings in Mastercard were worth $83,008,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MA. Janus Henderson Group PLC grew its holdings in 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 purchasing an additional 14,962,583 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Mastercard by 289.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after purchasing an additional 2,654,308 shares during the period. Harding Loevner LP grew its holdings in Mastercard by 170.7% in the third quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock valued at $194,599,000 after purchasing an additional 2,173,507 shares during the period. Capital Research Global Investors grew its holdings in 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 purchasing an additional 1,729,179 shares during the period. Finally, Vanguard Group Inc. grew its holdings in 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 purchasing an additional 1,490,267 shares during the period. 75.51% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard 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 sale, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 20.2% on a year-over-year basis. sell-side analysts predict that Mastercard Inc will post 5.88 EPS for the current fiscal year.
Mastercard announced that its Board of Directors has authorized a share buyback 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 purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s payout ratio is presently 22.37%.
Several research firms have recently weighed in on MA. Vetr upgraded Mastercard from a “sell” rating to a “hold” rating and set a $158.70 target price on the stock in a research report on Thursday, January 11th. Tigress Financial restated a “buy” rating on shares of Mastercard in a research report on Thursday, February 8th. Sanford C. Bernstein restated a “buy” rating and issued a $180.00 target price (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 target price on the stock in a research report on Friday, February 2nd. Finally, Cantor Fitzgerald raised their target price on Mastercard to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $177.40.
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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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