APG Asset Management N.V. Has $272.20 Million Holdings in Mastercard Incorporated (MA)
APG Asset Management N.V. grew its position in Mastercard Incorporated (NYSE:MA) by 133.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,927,727 shares of the credit services provider’s stock after purchasing an additional 1,100,200 shares during the period. APG Asset Management N.V. owned about 0.18% of Mastercard worth $272,195,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Glassman Wealth Services increased its position in shares of Mastercard by 0.3% during the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock worth $199,000 after acquiring an additional 6 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Mastercard by 1.3% during the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in shares of Mastercard by 0.3% during the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock worth $783,000 after acquiring an additional 18 shares in the last quarter. First Interstate Bank increased its position in shares of Mastercard by 1.4% during the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after acquiring an additional 23 shares in the last quarter. Finally, Lourd Capital LLC increased its position in shares of Mastercard by 0.5% during the second quarter. Lourd Capital LLC now owns 5,423 shares of the credit services provider’s stock worth $659,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 75.81% of the company’s stock.
In other news, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock valued at $3,582,984. 0.30% of the stock is currently owned by corporate insiders.
Mastercard Incorporated (NYSE:MA) traded down $0.81 during midday trading on Thursday, hitting $151.69. 3,618,700 shares of the stock were exchanged, compared to its average volume of 3,220,783. 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 firm has a market cap of $161,445.95, a PE ratio of 35.38, a PEG ratio of 2.03 and a beta of 1.20. Mastercard Incorporated has a one year low of $102.91 and a one year high of $154.65.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. Mastercard’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. equities analysts anticipate that Mastercard Incorporated will post 4.54 EPS for the current fiscal year.
Mastercard announced that its Board of Directors has authorized a stock 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 buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio (DPR) is currently 20.47%.
A number of research analysts recently weighed in on MA shares. Wedbush reaffirmed a “buy” rating and issued a $140.00 target price (up previously from $129.00) on shares of Mastercard in a research report on Wednesday, September 6th. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $158.00 target price (up previously from $149.00) on shares of Mastercard in a research report on Friday, September 8th. Barclays raised their target price on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Citigroup raised their target price on shares of Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Instinet reaffirmed a “buy” rating and issued a $163.00 target price (up previously from $153.00) on shares of Mastercard in a research report on Saturday, September 9th. Two research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and an average price target of $159.69.
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Mastercard Company 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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