Swiss National Bank Acquires 21,300 Shares of Mastercard Incorporated (MA)

Swiss National Bank raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,753,420 shares of the credit services provider’s stock after purchasing an additional 21,300 shares during the quarter. Swiss National Bank owned 352,466.90% of Mastercard worth $529,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sunbelt Securities Inc. purchased a new position in Mastercard during the 3rd quarter worth $380,000. Jaffetilchin Investment Partners LLC boosted its holdings in Mastercard by 10.4% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 9,513 shares of the credit services provider’s stock worth $1,343,000 after acquiring an additional 899 shares during the last quarter. Bank of Hawaii boosted its holdings in Mastercard by 4.1% during the 3rd quarter. Bank of Hawaii now owns 28,290 shares of the credit services provider’s stock worth $3,995,000 after acquiring an additional 1,105 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Mastercard by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,239,603 shares of the credit services provider’s stock worth $316,232,000 after acquiring an additional 54,301 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new position in Mastercard during the 3rd quarter worth $8,948,000. 75.57% of the stock is currently owned by hedge funds and other institutional investors.

In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the company’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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, September 21st. Guggenheim raised shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $153.00 in a report on Monday, September 11th. Instinet reissued a “buy” rating and issued a $163.00 price target (up from $153.00) on shares of Mastercard in a report on Saturday, September 9th. Cowen reissued a “buy” rating and issued a $137.00 price target on shares of Mastercard in a report on Friday, September 8th. Finally, KeyCorp reissued a “buy” rating and issued a $150.00 price target on shares of Mastercard in a report on Thursday, September 7th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $159.59.

Shares of Mastercard Incorporated (MA) opened at $151.36 on Monday. The company has a market cap of $160,239.08, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. Mastercard Incorporated has a fifty-two week low of $102.98 and a fifty-two week 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.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. equities research analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current year.

Mastercard announced that its Board of Directors has authorized a stock buyback plan 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 purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 0.66%. Mastercard’s dividend payout ratio is 20.47%.

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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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