SeaCrest Wealth Management LLC purchased a new position in Mastercard Inc (NYSE:MA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,263 shares of the credit services provider’s stock, valued at approximately $191,000.
Several other large investors also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard during the 3rd quarter worth $102,000. Wealthcare Advisory Partners LLC acquired a new stake in Mastercard during the 3rd quarter worth $106,000. Thompson Davis & CO. Inc. raised its stake in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares during the period. Cerebellum GP LLC acquired a new stake in Mastercard during the 4th quarter worth $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in Mastercard by 63.0% during the 4th quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 880 shares of the credit services provider’s stock worth $133,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 75.51% of the company’s stock.
Shares of Mastercard Inc (NYSE:MA) opened at $175.93 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $187,009.67, a PE ratio of 38.75, a P/E/G ratio of 1.65 and a beta of 1.26. Mastercard Inc has a 12-month low of $109.99 and a 12-month high of $179.17.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio is currently 27.40%.
Mastercard announced that its board has initiated a share repurchase plan on Monday, December 4th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
MA has been the topic of several research analyst reports. Vetr raised Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada downgraded Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 price objective on the stock. in a research note on Thursday, January 4th. Guggenheim reaffirmed a “buy” rating and set a $201.00 price objective on shares of Mastercard in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $174.00 price objective (up previously from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies raised their price objective on Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Mastercard has an average rating of “Buy” and an average price target of $177.40.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction dated 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 sale, the insider now owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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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