New Potomac Partners LLC Sells 110 Shares of Mastercard Incorporated (NYSE:MA)

New Potomac Partners LLC decreased its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,261 shares of the credit services provider’s stock after selling 110 shares during the period. Mastercard makes up about 1.8% of New Potomac Partners LLC’s investment portfolio, making the stock its 20th largest position. New Potomac Partners LLC’s holdings in Mastercard were worth $3,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in shares of Mastercard by 1.4% in the second quarter. State Street Corp now owns 35,255,582 shares of the credit services provider’s stock valued at $13,866,020,000 after acquiring an additional 495,768 shares during the period. Morgan Stanley grew its holdings in shares of Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares during the last quarter. Norges Bank bought a new position in shares of Mastercard in the fourth quarter worth about $3,308,223,000. Northern Trust Corp grew its holdings in shares of Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after purchasing an additional 251,516 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Mastercard by 3.9% in the second quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider’s stock worth $3,311,670,000 after purchasing an additional 318,077 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Tigress Financial upped their price target on shares of Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a report on Thursday, December 7th. The Goldman Sachs Group upped their price target on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Wells Fargo & Company upped their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Evercore ISI increased their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Mizuho reiterated a “buy” rating and set a $480.00 target price on shares of Mastercard in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $479.62.

Read Our Latest Stock Analysis on MA

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $20,003,217.66. The disclosure for this sale can be found here. Insiders sold 50,628 shares of company stock valued at $23,309,067 in the last three months. 0.13% of the stock is owned by insiders.

Mastercard Stock Performance

MA stock opened at $481.57 on Friday. The firm has a market cap of $449.25 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 1.83 and a beta of 1.08. The firm has a 50-day simple moving average of $466.08 and a two-hundred day simple moving average of $427.29. Mastercard Incorporated has a one year low of $355.82 and a one year high of $490.00. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period last year, the firm posted $2.65 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

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

About Mastercard

(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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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