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.

Several research firms have recently commented on MA. Piper Jaffray Companies reissued an “overweight” rating and issued a $150.00 price target (up from $143.00) on shares of Mastercard in a report on Friday, September 8th. Sanford C. Bernstein reissued a “buy” rating and issued a $180.00 price target (up from $166.00) on shares of Mastercard in a report on Monday, December 11th. Cowen reissued a “buy” rating and issued a $137.00 price target on shares of Mastercard in a report on Thursday, October 12th. Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Guggenheim raised Mastercard from a “neutral” rating to a “buy” rating and raised their price target for the company from $135.00 to $153.00 in a report on Monday, September 11th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $159.59.

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%.

TRADEMARK VIOLATION WARNING: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/markel-corp-buys-10000-shares-of-mastercard-incorporated-ma/1775848.html.

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.

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.