Bank of Montreal Can boosted its stake in Mastercard Incorporated (NYSE:MA) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,043,275 shares of the credit services provider’s stock after purchasing an additional 291,953 shares during the quarter. Bank of Montreal Can’s holdings in Mastercard were worth $460,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Massey Quick Simon & CO. LLC purchased a new stake in shares of Mastercard in the 3rd quarter valued at about $102,000. Thompson Davis & CO. Inc. raised its holdings in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Mastercard in the 3rd quarter valued at about $106,000. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 12 shares in the last quarter. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Mastercard in the 2nd quarter valued at about $121,000. Institutional investors and hedge funds own 75.79% of the company’s stock.

Mastercard Incorporated (NYSE MA) opened at $160.62 on Friday. The firm has a market capitalization of $170,040.00, a PE ratio of 44.01, a P/E/G ratio of 1.57 and a beta of 1.26. The company has a current ratio of 1.57, a quick ratio of 1.66 and a debt-to-equity ratio of 0.99. Mastercard Incorporated has a 1-year low of $106.50 and a 1-year high of $177.11.

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

Mastercard declared that its board has initiated a stock repurchase program on Monday, December 4th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.62%. Mastercard’s payout ratio is 27.40%.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at approximately $7,271,850.81. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

Several research firms have weighed in on MA. Piper Jaffray Companies raised their price target on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Morgan Stanley raised their price target on Mastercard from $178.00 to $192.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Barclays raised their price target on Mastercard from $178.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Cantor Fitzgerald raised their price target on Mastercard to $198.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $201.00 price target on shares of Mastercard in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $176.64.

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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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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