Tokio Marine Asset Management Co. Ltd. Has $13.18 Million Position in Mastercard Incorporated (MA)

Tokio Marine Asset Management Co. Ltd. cut its stake in Mastercard Incorporated (NYSE:MA) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,351 shares of the credit services provider’s stock after selling 3,639 shares during the period. Mastercard accounts for about 2.0% of Tokio Marine Asset Management Co. Ltd.’s portfolio, making the stock its 5th largest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Mastercard were worth $13,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC raised its position in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. raised its position 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 last quarter. Proficio Capital Partners LLC raised its position in Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after buying an additional 12 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mastercard during the 2nd quarter worth approximately $121,000. Finally, Acrospire Investment Management LLC purchased a new position in Mastercard during the 2nd quarter worth approximately $121,000. Institutional investors own 75.57% of the company’s stock.

Shares of Mastercard Incorporated (NYSE:MA) opened at $150.85 on Friday. Mastercard Incorporated has a one year low of $102.98 and a one year high of $154.65. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The stock has a market cap of $159,580.00, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 2.02 and a beta of 1.21.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. sell-side analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.66%. The ex-dividend date is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is 20.51%.

Mastercard declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 4th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

A number of equities analysts have issued reports on MA shares. Instinet reissued a “buy” rating and set a $163.00 price target (up from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. KeyCorp reissued a “buy” rating and set a $165.00 price target on shares of Mastercard in a research report on Wednesday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a $174.00 price target (up from $157.00) on shares of Mastercard in a research report on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and set a $161.00 price target on shares of Mastercard in a research report on Friday, October 13th. Finally, Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $161.72 price target for the company in a research report on Tuesday, December 5th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $159.59.

In other news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now directly owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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Mastercard Profile

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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