TCW Group Inc. cut its stake in Mastercard (NYSE:MA) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 695,668 shares of the credit services provider’s stock after selling 50,116 shares during the period. TCW Group Inc. owned 0.07% of Mastercard worth $105,296,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in MA. Intellectus Partners LLC raised its position in Mastercard by 3.2% during the 2nd quarter. Intellectus Partners LLC now owns 2,454 shares of the credit services provider’s stock worth $298,000 after buying an additional 76 shares during the last quarter. Summit Financial Wealth Advisors LLC raised its position in Mastercard by 5.1% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 1,869 shares of the credit services provider’s stock worth $227,000 after buying an additional 90 shares during the last quarter. Bank of Hawaii raised its position in Mastercard by 0.3% during the 2nd quarter. Bank of Hawaii now owns 27,185 shares of the credit services provider’s stock worth $3,302,000 after buying an additional 91 shares during the last quarter. JT Stratford LLC raised its position in Mastercard by 0.7% during the 2nd quarter. JT Stratford LLC now owns 23,773 shares of the credit services provider’s stock worth $2,887,000 after buying an additional 155 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its position in Mastercard by 0.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 24,419 shares of the credit services provider’s stock worth $2,968,000 after buying an additional 169 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.
In other Mastercard news, Director David R. Carlucci sold 5,950 shares of Mastercard stock in a transaction on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The disclosure for this sale can be found here. In the last three months, insiders sold 53,745 shares of company stock valued at $9,222,084. 0.30% of the stock is owned by insiders.
Shares of MA stock opened at $182.51 on Wednesday. The company has a market cap of $189,858.94, a price-to-earnings ratio of 50.00, a P/E/G ratio of 1.66 and a beta of 1.17. 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 has a 1-year low of $110.33 and a 1-year high of $183.73.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. analysts expect that Mastercard will post 5.93 earnings per share for the current year.
Mastercard announced that its Board of Directors has initiated a stock repurchase 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 reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is presently 27.40%.
A number of research firms have issued reports on MA. Barclays raised their price target on shares of Mastercard from $170.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Argus raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Friday, February 2nd. KeyCorp raised their price target on shares of Mastercard from $170.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a report on Monday, December 11th. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $177.40.
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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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