Calamos Wealth Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,499 shares of the credit services provider’s stock after buying an additional 402 shares during the period. Calamos Wealth Management LLC’s holdings in Mastercard were worth $4,165,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MA. Comerica Securities Inc. increased its holdings in Mastercard by 4.5% in the first quarter. Comerica Securities Inc. now owns 10,313 shares of the credit services provider’s stock valued at $1,160,000 after purchasing an additional 447 shares during the period. InterOcean Capital LLC increased its holdings in Mastercard by 37.4% in the first quarter. InterOcean Capital LLC now owns 106,443 shares of the credit services provider’s stock valued at $11,972,000 after purchasing an additional 28,948 shares during the period. Algebris Investments UK LLP acquired a new stake in Mastercard in the first quarter valued at $1,046,000. Choate Investment Advisors increased its holdings in Mastercard by 48.8% in the first quarter. Choate Investment Advisors now owns 7,001 shares of the credit services provider’s stock valued at $787,000 after purchasing an additional 2,295 shares during the period. Finally, AXA boosted its position in Mastercard by 14.2% during the first quarter. AXA now owns 498,772 shares of the credit services provider’s stock valued at $56,097,000 after acquiring an additional 61,829 shares during the last quarter. Institutional investors own 75.81% of the company’s stock.

Mastercard Incorporated (NYSE MA) opened at $153.40 on Monday. The stock has a market cap of $162,398.75, a PE ratio of 35.59, a PEG ratio of 2.04 and a beta of 1.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard Incorporated has a 1 year low of $102.98 and a 1 year high of $154.65.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The business’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. research analysts forecast that Mastercard Incorporated will post 4.54 earnings per share for the current fiscal year.

Mastercard announced that its board has authorized a share buyback program on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Mastercard’s previous quarterly dividend of $0.22. Mastercard’s dividend payout ratio is 20.47%.

In related news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the sale, the insider now owns 40,646 shares in the company, valued at approximately $5,766,041.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $142.51, for a total transaction of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares in the company, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $3,582,984 in the last three months. Insiders own 0.30% of the company’s stock.

A number of analysts have commented on the stock. Vetr cut shares of Mastercard from a “buy” rating to a “hold” rating and set a $158.61 price target on the stock. in a research report on Monday. Cantor Fitzgerald assumed coverage on shares of Mastercard in a research report on Thursday, September 28th. They set an “overweight” rating and a $165.00 price target on the stock. Sanford C. Bernstein reaffirmed a “buy” rating and set a $180.00 price target (up previously from $166.00) on shares of Mastercard in a research report on Monday, December 11th. BidaskClub raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $159.59.

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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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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