Country Club Bank GFN Has $2.89 Million Stake in Mastercard Incorporated (NYSE:MA)

Country Club Bank GFN decreased its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 4.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,769 shares of the credit services provider’s stock after selling 302 shares during the period. Country Club Bank GFN’s holdings in Mastercard were worth $2,886,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MA. LFA Lugano Financial Advisors SA acquired a new position in Mastercard during the fourth quarter valued at approximately $27,000. Hibernia Wealth Partners LLC acquired a new position in Mastercard during the third quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the first quarter valued at approximately $25,000. Bollard Group LLC acquired a new position in Mastercard during the second quarter valued at approximately $29,000. Finally, Barometer Capital Management Inc. acquired a new position in shares of Mastercard in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded up $0.45 on Tuesday, hitting $478.85. 960,994 shares of the stock were exchanged, compared to its average volume of 2,406,122. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The business’s fifty day moving average is $466.86 and its 200 day moving average is $427.90. Mastercard Incorporated has a 52 week low of $355.97 and a 52 week high of $490.00. The company has a market capitalization of $446.71 billion, a PE ratio of 40.44, a P/E/G ratio of 1.83 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period in the prior year, the firm posted $2.65 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard announced that its board has authorized a share repurchase plan on Tuesday, December 5th that allows the company to repurchase $11.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 8,900 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the sale, the insider now owns 46,491 shares in the company, valued at $20,003,217.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Craig Vosburg sold 8,900 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the sale, the insider now owns 46,491 shares in the company, valued at $20,003,217.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ajay Bhalla sold 98 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the sale, the insider now owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,628 shares of company stock valued at $23,309,067. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MA shares. Evercore ISI upped their price target on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Mizuho reiterated a “buy” rating and issued a $480.00 price target on shares of Mastercard in a report on Wednesday, March 27th. Oppenheimer reiterated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a report on Thursday, February 1st. Monness Crespi & Hardt started coverage on shares of Mastercard in a report on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Tigress Financial upped their price target on shares of Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $479.62.

Read Our Latest Report on Mastercard

About Mastercard

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

Further Reading

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.