United Services Automobile Association Sells 3,475 Shares of Mastercard Inc (NYSE:MA)

United Services Automobile Association reduced its holdings in Mastercard Inc (NYSE:MA) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 443,825 shares of the credit services provider’s stock after selling 3,475 shares during the quarter. United Services Automobile Association’s holdings in Mastercard were worth $83,728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MA. CI Investments Inc. boosted its stake in Mastercard by 0.5% in the 3rd quarter. CI Investments Inc. now owns 756,776 shares of the credit services provider’s stock worth $168,466,000 after purchasing an additional 3,530 shares in the last quarter. Bank of Hawaii raised its position in Mastercard by 3.6% in the 3rd quarter. Bank of Hawaii now owns 29,616 shares of the credit services provider’s stock worth $6,593,000 after buying an additional 1,040 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in Mastercard by 86.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 387,933 shares of the credit services provider’s stock worth $86,358,000 after buying an additional 179,604 shares during the last quarter. Sustainable Insight Capital Management LLC raised its position in Mastercard by 50.8% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 1,899 shares of the credit services provider’s stock worth $423,000 after buying an additional 640 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Mastercard by 5.9% in the 3rd quarter. Schroder Investment Management Group now owns 783,330 shares of the credit services provider’s stock worth $174,378,000 after buying an additional 43,509 shares during the last quarter. 75.55% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on the company. Deutsche Bank boosted their target price on Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research reissued a “buy” rating and issued a $205.00 target price on shares of Mastercard in a research report on Monday, December 31st. Oppenheimer boosted their target price on Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wedbush boosted their target price on Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $217.00 target price on shares of Mastercard in a research report on Monday, January 7th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $233.48.

In related news, insider Edward Grunde Mclaughlin sold 20,269 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the sale, the insider now directly owns 37,374 shares of the company’s stock, valued at approximately $7,457,234.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Miebach sold 2,711 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $240.28, for a total transaction of $651,399.08. Following the completion of the sale, the insider now directly owns 20,492 shares of the company’s stock, valued at $4,923,817.76. The disclosure for this sale can be found here. Insiders sold a total of 99,716 shares of company stock valued at $22,428,540 over the last three months. 0.32% of the stock is currently owned by insiders.

Shares of NYSE MA traded down $0.11 during midday trading on Friday, hitting $240.89. 3,016,796 shares of the company’s stock traded hands, compared to its average volume of 2,946,457. Mastercard Inc has a 1 year low of $170.65 and a 1 year high of $242.65. The firm has a market capitalization of $247.13 billion, a P/E ratio of 37.12, a PEG ratio of 1.92 and a beta of 1.14. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.79 billion. As a group, equities research analysts anticipate that Mastercard Inc will post 7.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is currently 20.34%.

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About Mastercard

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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