Webster Bank N. A. Increases Position in Mastercard Incorporated (NYSE:MA)

Webster Bank N. A. lifted its stake in Mastercard Incorporated (NYSE:MAFree Report) by 34.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,721 shares of the credit services provider’s stock after acquiring an additional 440 shares during the period. Webster Bank N. A.’s holdings in Mastercard were worth $734,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the first quarter worth $25,000. Hibernia Wealth Partners LLC acquired a new position in Mastercard during the 3rd quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard in the fourth quarter valued at about $27,000. Bollard Group LLC acquired a new stake in Mastercard in the second quarter worth about $29,000. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Mastercard during the third quarter worth about $36,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Miebach sold 7,851 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,628 shares of company stock worth $23,309,067. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MA. The Goldman Sachs Group boosted their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Monness Crespi & Hardt started coverage on Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Jefferies Financial Group upped their target price on Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Royal Bank of Canada boosted their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $479.62.

Get Our Latest Research Report on MA

Mastercard Trading Up 0.2 %

NYSE MA opened at $479.43 on Wednesday. Mastercard Incorporated has a one year low of $355.97 and a one year high of $490.00. The firm has a 50 day simple moving average of $467.67 and a 200-day simple moving average of $428.36. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $447.26 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.82 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the previous year, the business posted $2.65 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard announced that its board has authorized a share repurchase program on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is currently 22.32%.

Mastercard Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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