Boston Advisors LLC Buys 76,218 Shares of Mastercard Incorporated (MA)

Boston Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 600.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,918 shares of the credit services provider’s stock after purchasing an additional 76,218 shares during the quarter. Boston Advisors LLC’s holdings in Mastercard were worth $13,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MA. Fisher Asset Management LLC lifted its stake in shares of Mastercard by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 326,158 shares of the credit services provider’s stock worth $49,367,000 after acquiring an additional 4,939 shares in the last quarter. Brightworth lifted its stake in shares of Mastercard by 9.3% in the fourth quarter. Brightworth now owns 5,311 shares of the credit services provider’s stock worth $804,000 after acquiring an additional 452 shares in the last quarter. Prospera Financial Services Inc lifted its stake in shares of Mastercard by 32.2% in the fourth quarter. Prospera Financial Services Inc now owns 1,936 shares of the credit services provider’s stock worth $300,000 after acquiring an additional 471 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV acquired a new stake in Mastercard during the fourth quarter valued at approximately $207,000. Finally, Pratt Collard Advisory Partners LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $205,000. Institutional investors own 75.66% of the company’s stock.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Several analysts have issued reports on the company. Cantor Fitzgerald upped their price objective on Mastercard to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Loop Capital upped their price objective on Mastercard to $193.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. They noted that the move was a valuation call. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Friday, February 2nd. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Piper Jaffray Companies upped their price objective on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have given a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $176.64.

Mastercard Incorporated (MA) opened at $172.52 on Thursday. Mastercard Incorporated has a fifty-two week low of $108.77 and a fifty-two week high of $177.11. The stock has a market capitalization of $182,640.00, a P/E ratio of 47.27, a P/E/G ratio of 1.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.66.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. analysts anticipate that Mastercard Incorporated will post 5.88 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a share repurchase program on Monday, December 4th that allows the company to repurchase $4.00 billion 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is 27.40%.

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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.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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