Prio Wealth Limited Partnership Acquires 87 Shares of Mastercard Incorporated (NYSE:MA)

Prio Wealth Limited Partnership increased its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289 shares of the credit services provider’s stock after purchasing an additional 87 shares during the period. Prio Wealth Limited Partnership’s holdings in Mastercard were worth $976,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MA. Bornite Capital Management LP bought a new stake in shares of Mastercard in the first quarter valued at about $21,442,000. United Bank lifted its stake in shares of Mastercard by 34.5% in the first quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after buying an additional 1,541 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Mastercard by 30.1% in the first quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after buying an additional 63,040 shares during the period. First Western Trust Bank bought a new stake in shares of Mastercard in the first quarter valued at about $1,168,000. Finally, Bridgewater Associates LP bought a new stake in shares of Mastercard in the first quarter valued at about $12,926,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.2 %

MA traded up $0.78 during trading on Tuesday, reaching $479.18. 1,083,771 shares of the company’s stock were exchanged, compared to its average volume of 2,407,709. The company’s fifty day moving average price is $466.86 and its 200-day moving average price is $427.90. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard Incorporated has a fifty-two week low of $355.97 and a fifty-two week high of $490.00. The firm has a market capitalization of $447.02 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 released its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same quarter in the previous year, the business earned $2.65 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a $0.66 dividend. 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 dividend payout ratio (DPR) is 22.32%.

Mastercard announced that its Board of Directors has initiated a share buyback plan on Tuesday, December 5th that permits the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Monness Crespi & Hardt assumed coverage on shares of Mastercard in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. KeyCorp increased their price target on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Evercore ISI increased their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, The Goldman Sachs Group increased their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.62.

Read Our Latest Stock Report on Mastercard

Insider Activity

In other news, insider Craig Vosburg sold 8,900 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, insider Ajay Bhalla sold 4,000 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,712,225. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 8,900 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 46,491 shares in the company, valued at $20,003,217.66. The disclosure for this sale can be found here. Insiders sold 50,628 shares of company stock valued at $23,309,067 in the last quarter. Company insiders own 0.13% of the company’s stock.

Mastercard Profile

(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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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