Markel Corp Buys 10,000 Shares of Mastercard Incorporated (MA)
Markel Corp boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,100 shares of the credit services provider’s stock after acquiring an additional 10,000 shares during the quarter. Markel Corp’s holdings in Mastercard were worth $25,713,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. lifted its position in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the period. Proficio Capital Partners LLC lifted 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 buying an additional 12 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mastercard in the 2nd quarter valued at approximately $121,000. Finally, Acrospire Investment Management LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at approximately $121,000. 75.57% of the stock is owned by institutional investors.
In other news, insider Michael Fraccaro sold 5,800 shares of Mastercard stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now directly owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.
Mastercard Incorporated (NYSE MA) opened at $151.45 on Thursday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $160,577.84, a P/E ratio of 35.19, a P/E/G ratio of 2.02 and a beta of 1.20. Mastercard Incorporated has a one year low of $102.98 and a one year high of $154.65.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 earnings per share. equities analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.
Mastercard declared that its Board of Directors has authorized a share buyback plan on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. This is an increase from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s payout ratio is currently 20.47%.
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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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