Clarius Group LLC raised its holdings in shares of Mastercard Inc (NYSE:MA) by 45.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,355 shares of the credit services provider’s stock after purchasing an additional 741 shares during the period. Clarius Group LLC’s holdings in Mastercard were worth $444,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its position in shares of Mastercard by 14,925.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 71,553,436 shares of the credit services provider’s stock worth $379,000 after acquiring an additional 71,077,219 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Mastercard by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after acquiring an additional 609,214 shares in the last quarter. Vanguard Group Inc raised its position in shares of Mastercard by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 69,297,171 shares of the credit services provider’s stock worth $15,426,244,000 after acquiring an additional 609,214 shares in the last quarter. Capital Research Global Investors raised its position in shares of Mastercard by 10.5% in the 3rd quarter. Capital Research Global Investors now owns 19,448,504 shares of the credit services provider’s stock worth $4,329,431,000 after acquiring an additional 1,846,753 shares in the last quarter. Finally, Capital World Investors raised its position in shares of Mastercard by 18.4% in the 3rd quarter. Capital World Investors now owns 19,136,297 shares of the credit services provider’s stock worth $4,259,931,000 after acquiring an additional 2,976,127 shares in the last quarter. 74.17% of the stock is owned by institutional investors and hedge funds.
Mastercard stock opened at $231.17 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $237.16 billion, a P/E ratio of 35.62, a P/E/G ratio of 1.81 and a beta of 1.14. Mastercard Inc has a twelve month low of $167.94 and a twelve month high of $232.76.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.79 billion. On average, analysts expect that Mastercard Inc will post 7.55 EPS for the current fiscal year.
Mastercard announced that its Board of Directors has approved a stock repurchase plan on Tuesday, December 4th that allows the company to buyback $6.50 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is 20.34%.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction on Monday, December 17th. The stock was sold at an average price of $192.00, for a total transaction of $960,000.00. Following the sale, the director now directly owns 40,183 shares in the company, valued at approximately $7,715,136. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total value of $4,044,273.57. Following the sale, the insider now owns 37,374 shares in the company, valued at $7,457,234.22. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
MA has been the subject of several research reports. Edward Jones raised Mastercard from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Jefferies Financial Group initiated coverage on Mastercard in a research report on Monday, January 28th. They issued a “buy” rating for the company. Wells Fargo & Co decreased their target price on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research report on Thursday, January 3rd. Piper Jaffray Companies reissued an “overweight” rating and issued a $245.00 target price on shares of Mastercard in a research report on Friday, December 21st. Finally, UBS Group raised Mastercard from a “neutral” rating to a “buy” rating and increased their target price for the stock from $206.00 to $226.00 in a research report on Wednesday, January 9th. Three equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $226.80.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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