Rhumbline Advisers Buys 12,878 Shares of Mastercard Incorporated (MA)

Rhumbline Advisers grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,626,616 shares of the credit services provider’s stock after acquiring an additional 12,878 shares during the period. Rhumbline Advisers owned about 0.15% of Mastercard worth $229,678,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Thompson Davis & CO. Inc. lifted its holdings in shares of Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mastercard in the second quarter valued at $121,000. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Mastercard in the second quarter valued at $121,000. Institutional investors own 75.57% of the company’s stock.

A number of analysts have recently issued reports on MA shares. Susquehanna Bancshares restated a “positive” rating and issued a $158.00 target price (up previously from $149.00) on shares of Mastercard in a report on Friday, September 8th. Barclays upped their price target on shares of Mastercard from $142.00 to $148.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Citigroup upped their price target on shares of Mastercard from $157.00 to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Instinet reaffirmed a “buy” rating and issued a $163.00 price target (up from $153.00) on shares of Mastercard in a research note on Saturday, September 9th. Finally, Robert W. Baird upped their price target on shares of Mastercard from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $159.45.

In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the stock in a transaction on 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 this hyperlink. Also, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Mastercard Incorporated (NYSE MA) opened at $159.04 on Friday. 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 company has a market cap of $168,370.00, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.21. Mastercard Incorporated has a 1 year low of $104.01 and a 1 year high of $159.04.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. The firm 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 business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. equities analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.63%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, January 8th. Mastercard’s dividend payout ratio is presently 20.51%.

Mastercard announced that its Board of Directors has initiated a stock buyback plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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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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