BT Investment Management Ltd lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 95.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,478 shares of the credit services provider’s stock after selling 179,080 shares during the quarter. BT Investment Management Ltd’s holdings in Mastercard were worth $1,197,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Mastercard by 2.3% during the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after buying an additional 1,490,267 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares during the period. Capital Research Global Investors boosted its stake in shares of Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares during the period. Capital World Investors boosted its stake in shares of Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after purchasing an additional 289,488 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Mastercard by 6.0% in the second quarter. UBS Asset Management Americas Inc. now owns 6,174,892 shares of the credit services provider’s stock valued at $749,941,000 after purchasing an additional 347,768 shares during the period. 75.57% of the stock is owned by institutional investors.
Shares of Mastercard Incorporated (NYSE:MA) opened at $150.85 on Tuesday. The firm has a market cap of $160,040.00, a P/E ratio of 35.16, a P/E/G ratio of 2.01 and a beta of 1.21. Mastercard Incorporated has a 1-year low of $102.98 and a 1-year high of $154.65. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.
Mastercard announced that its board has authorized a share repurchase program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Tuesday, January 9th will be issued a $0.25 dividend. This is a boost from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 annualized dividend and a yield of 0.66%. Mastercard’s dividend payout ratio (DPR) is 20.51%.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
Several research analysts have recently commented on MA shares. Wedbush reissued a “buy” rating and issued a $140.00 price objective (up previously from $129.00) on shares of Mastercard in a research note on Wednesday, September 6th. Cowen reissued a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research note on Friday, September 8th. Credit Suisse Group raised their price objective on shares of Mastercard from $128.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Nomura raised their price objective on shares of Mastercard from $153.00 to $163.00 and gave the company a “buy” rating in a research note on Friday, September 8th. Finally, Oppenheimer reissued a “buy” rating and issued a $145.00 price objective on shares of Mastercard in a research note on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $159.59.
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Mastercard Company 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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