Twin Capital Management Inc. Has $6.11 Million Position in Mastercard Inc (MA)

Twin Capital Management Inc. boosted its stake in Mastercard Inc (NYSE:MA) by 6.8% during the 4th quarter, Holdings Channel reports. The fund owned 40,390 shares of the credit services provider’s stock after acquiring an additional 2,570 shares during the period. Twin Capital Management Inc.’s holdings in Mastercard were worth $6,113,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MA. Massey Quick Simon & CO. LLC bought a new position in shares of Mastercard during the 3rd quarter worth approximately $102,000. Thompson Davis & CO. Inc. boosted its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Mastercard during the 3rd quarter worth approximately $106,000. Acrospire Investment Management LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $121,000. Finally, Horan Capital Advisors LLC. bought a new position in shares of Mastercard during the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds own 75.51% of the company’s stock.

In related news, 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 value of $2,606,122.27. Following the completion of the sale, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

A number of equities analysts have issued reports on the company. Barclays increased their price target on Mastercard from $170.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Argus upgraded Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Friday, February 2nd. KeyCorp increased their price target on Mastercard from $170.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $177.40.

Shares of Mastercard Inc (MA) opened at $172.32 on Thursday. The company has a market capitalization of $184,818.91, a price-to-earnings ratio of 47.21, a P/E/G ratio of 1.63 and a beta of 1.26. Mastercard Inc has a 12-month low of $109.16 and a 12-month high of $177.11. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57.

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

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 6th. Mastercard’s payout ratio is currently 27.40%.

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About Mastercard

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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