Man Group plc Buys 12,430 Shares of Mastercard Inc (MA)

Man Group plc grew its stake in shares of Mastercard Inc (NYSE:MA) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 274,325 shares of the credit services provider’s stock after purchasing an additional 12,430 shares during the quarter. Man Group plc’s holdings in Mastercard were worth $61,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Guardian Trust Co. acquired a new position in shares of Mastercard in the third quarter worth about $103,000. Baker Ellis Asset Management LLC bought a new stake in Mastercard in the third quarter valued at about $104,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Mastercard in the second quarter valued at about $109,000. Fort L.P. bought a new stake in Mastercard in the second quarter valued at about $120,000. Finally, Point72 Hong Kong Ltd bought a new stake in Mastercard in the second quarter valued at about $131,000. Institutional investors own 74.77% of the company’s stock.

In related news, Director Richard K. Davis bought 2,475 shares of the stock in a transaction dated Friday, November 2nd. The stock was bought at an average cost of $196.37 per share, with a total value of $486,015.75. Following the completion of the acquisition, the director now owns 3,468 shares of the company’s stock, valued at $681,011.16. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

MA has been the subject of several research analyst reports. Credit Suisse Group boosted their price objective on Mastercard from $210.00 to $224.00 and gave the company an “outperform” rating in a report on Monday, October 8th. BMO Capital Markets boosted their price objective on Mastercard from $238.00 to $248.00 and gave the company an “outperform” rating in a report on Thursday, November 1st. Loop Capital set a $232.00 price objective on Mastercard and gave the company a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, December 7th. Finally, Royal Bank of Canada boosted their price objective on Mastercard from $223.00 to $232.00 and gave the company an “outperform” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $221.28.

NYSE:MA opened at $195.33 on Friday. The company has a market cap of $201.74 billion, a PE ratio of 32.13, a P/E/G ratio of 1.67 and a beta of 1.21. Mastercard Inc has a 52 week low of $149.89 and a 52 week high of $225.35. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick ratio of 1.55.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.10. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share. Equities research analysts anticipate that Mastercard Inc will post 6.44 EPS for the current year.

Mastercard declared that its Board of Directors has initiated a share repurchase program on Tuesday, December 4th that allows the company to repurchase $6.50 million in shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, January 8th. This is a positive change from Mastercard’s previous quarterly dividend of $0.25. This represents a $1.32 annualized dividend and a dividend yield of 0.68%. Mastercard’s dividend payout ratio is 21.83%.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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