Creative Planning raised its position in shares of Mastercard Incorporated (NYSE:MA) by 15.8% in the fourth quarter, HoldingsChannel reports. The firm owned 55,662 shares of the credit services provider’s stock after buying an additional 7,577 shares during the period. Creative Planning’s holdings in Mastercard were worth $8,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC bought a new position in shares of Mastercard in the 3rd quarter valued at approximately $102,000. Thompson Davis & CO. Inc. raised its stake 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 bought a new position in shares of Mastercard in the 3rd quarter valued at approximately $106,000. Acrospire Investment Management LLC bought a new position in shares of Mastercard in the 2nd quarter valued at approximately $121,000. Finally, Horan Capital Advisors LLC. bought a new position in shares of Mastercard in the 3rd quarter valued at approximately $131,000. 75.79% of the stock is owned by institutional investors.

Shares of Mastercard Incorporated (NYSE MA) opened at $165.20 on Friday. Mastercard Incorporated has a fifty-two week low of $107.20 and a fifty-two week high of $177.11. The firm has a market capitalization of $179,880.00, a P/E ratio of 45.26, a PEG 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 (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, topping the Thomson Reuters’ 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 analyst estimates of $3.25 billion. During the same quarter last year, the firm earned $0.86 EPS. Mastercard’s revenue for the quarter was up 20.2% compared to the same quarter last year. research analysts expect that Mastercard Incorporated will post 5.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, April 6th. Mastercard’s payout ratio is presently 27.40%.

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

A number of research analysts recently weighed in on MA shares. Stephens started coverage on Mastercard in a research note on Friday, October 13th. They issued an “overweight” rating and a $166.00 price objective on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $161.00 target price on shares of Mastercard in a report on Friday, October 13th. Robert W. Baird raised their target price on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Citigroup raised their target price on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $165.00 target price on shares of Mastercard in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $176.64.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard 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 sale, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was first published by Daily Political and is owned by of Daily Political. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.dailypolitical.com/2018/02/10/creative-planning-purchases-7577-shares-of-mastercard-incorporated-ma.html.

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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.