Axiom International Investors LLC DE lowered its stake in shares of Mastercard Inc (NYSE:MA) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,723 shares of the credit services provider’s stock after selling 491 shares during the quarter. Axiom International Investors LLC DE’s holdings in Mastercard were worth $7,507,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new stake in Mastercard in the third quarter valued at approximately $104,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Mastercard in the 2nd quarter worth approximately $109,000. Fort L.P. purchased a new stake in Mastercard in the 2nd quarter worth approximately $120,000. Point72 Hong Kong Ltd purchased a new stake in Mastercard in the 2nd quarter worth approximately $131,000. Finally, Bogart Wealth LLC boosted its position in Mastercard by 434.7% in the 3rd quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 74.84% of the company’s stock.
In other Mastercard news, Director Richard K. Davis bought 2,475 shares of the firm’s stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $196.37 per share, for a total transaction of $486,015.75. Following the transaction, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $681,011.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.
Shares of NYSE:MA opened at $196.50 on Friday. Mastercard Inc has a 1 year low of $149.17 and a 1 year high of $225.35. The company has a market cap of $207.06 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.21. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.55 and a current ratio of 1.55.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. Mastercard had a return on equity of 114.58% and a net margin of 35.88%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm posted $1.34 EPS. The business’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that Mastercard Inc will post 6.43 EPS for the current fiscal year.
Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 4th that allows the company to buyback $6.50 million in outstanding shares. This buyback authorization allows the credit services provider to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 9th will be given a dividend of $0.33 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is 21.83%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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