6,328 Shares in Mastercard Incorporated (NYSE:MA) Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, HoldingsChannel reports. The firm bought 6,328 shares of the credit services provider’s stock, valued at approximately $2,699,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after acquiring an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after purchasing an additional 791,799 shares in the last quarter. Lone Pine Capital LLC lifted its stake in Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after purchasing an additional 569,534 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after purchasing an additional 515,481 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Mastercard by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after purchasing an additional 428,627 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.1 %

Shares of MA traded up $0.31 during trading hours on Friday, reaching $462.42. 1,956,477 shares of the company traded hands, compared to its average volume of 2,410,342. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00. The company has a market capitalization of $431.39 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company’s fifty day moving average price is $471.35 and its two-hundred day moving average price is $436.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

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

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent research reports. Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Mizuho restated a “buy” rating and issued a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. KeyCorp lifted their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Finally, Robert W. Baird upped their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $490.23.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were 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 $22,672,828.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the sale, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly 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. Over the last 90 days, insiders sold 366,630 shares of company stock valued at $168,746,490. 0.13% of the stock is currently owned by company insiders.

Mastercard Profile

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.