Mastercard Incorporated (NYSE:MA) Position Lifted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,358 shares of the credit services provider’s stock after buying an additional 3,087 shares during the quarter. Mastercard comprises 1.7% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 9th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Mastercard were worth $31,714,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after acquiring an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. lifted its position in Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after acquiring an additional 791,799 shares during the period. Lone Pine Capital LLC lifted its position in Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after acquiring an additional 569,534 shares during the period. Jennison Associates LLC lifted its position in Mastercard by 6.9% during the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after acquiring an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Mastercard by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after acquiring an additional 428,627 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1 %

Shares of MA traded down $0.32 on Wednesday, hitting $462.50. 3,982,723 shares of the stock traded hands, compared to its average volume of 2,420,361. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The stock’s 50 day moving average is $471.65 and its two-hundred day moving average is $435.45. The firm has a market capitalization of $431.46 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the previous year, the business earned $2.65 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders sold 257,630 shares of company stock worth $118,303,470 in the last 90 days. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MA. Wells Fargo & Company raised their price target on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. KeyCorp raised their price target on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Evercore ISI raised their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group raised their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.