Pin Oak Investment Advisors Inc. Buys Shares of 683 Mastercard (MA)

Pin Oak Investment Advisors Inc. bought a new stake in shares of Mastercard (NYSE:MA) in the 4th quarter, HoldingsChannel.com reports. The fund bought 683 shares of the credit services provider’s stock, valued at approximately $103,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Mastercard by 3.3% during the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after purchasing an additional 2,000,290 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Mastercard by 0.5% during the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after purchasing an additional 82,024 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mastercard by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 10,930,672 shares of the credit services provider’s stock worth $1,651,362,000 after purchasing an additional 396,897 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in shares of Mastercard by 4.9% during the 4th quarter. Magellan Asset Management Ltd now owns 8,385,649 shares of the credit services provider’s stock worth $1,269,252,000 after purchasing an additional 388,146 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Mastercard by 0.8% during the 4th quarter. TIAA CREF Investment Management LLC now owns 6,524,719 shares of the credit services provider’s stock worth $987,581,000 after purchasing an additional 54,439 shares during the last quarter. Hedge funds and other institutional investors own 76.12% of the company’s stock.

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In related news, insider Michael Fraccaro sold 3,993 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $173.37, for a total value of $692,266.41. Following the transaction, the insider now owns 5,353 shares in the company, valued at $928,049.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $173.22, for a total transaction of $866,100.00. The disclosure for this sale can be found here. Insiders sold 45,571 shares of company stock worth $8,174,328 in the last 90 days. 0.30% of the stock is currently owned by insiders.

MA opened at $174.27 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. Mastercard has a 1 year low of $111.53 and a 1 year high of $183.73. The company has a market capitalization of $183,781.94, a P/E ratio of 38.05, a P/E/G ratio of 1.60 and a beta of 1.16.

Mastercard (NYSE:MA) last released its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. equities research analysts anticipate that Mastercard will post 5.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is 21.83%.

MA has been the topic of several analyst reports. Barclays reaffirmed a “buy” rating and set a $170.00 price target on shares of Mastercard in a research note on Friday, January 5th. Cowen reaffirmed a “buy” rating and set a $171.00 price target on shares of Mastercard in a research note on Friday, January 12th. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, January 2nd. Mizuho raised shares of Mastercard from a “neutral” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Guggenheim reaffirmed a “buy” rating and set a $201.00 price target on shares of Mastercard in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $179.62.

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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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