Tokio Marine Asset Management Co. Ltd. Purchases 3,087 Shares of Mastercard Incorporated (NYSE:MA)

Tokio Marine Asset Management Co. Ltd. increased its position in Mastercard Incorporated (NYSE:MA) by 4.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 74,358 shares of the credit services provider’s stock after acquiring an additional 3,087 shares during the period. Mastercard comprises 1.7% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 9th biggest position. Tokio Marine Asset Management Co. Ltd.’s holdings in Mastercard were worth $31,714,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MA. Cypress Wealth Services LLC grew its holdings in Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after buying an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC grew its holdings in Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after buying an additional 24 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after buying an additional 24 shares in the last quarter. Indiana Trust & Investment Management CO grew its holdings in Mastercard by 4.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after buying an additional 25 shares in the last quarter. Finally, Tufton Capital Management grew its holdings in Mastercard by 4.5% in the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock valued at $258,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now directly owns 46,491 shares in the company, valued at $21,388,649.46. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the sale, the insider now directly owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Insiders have sold 257,630 shares of company stock worth $118,303,470 over the last ninety days. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Robert W. Baird increased their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Mizuho reissued a “buy” rating and set a $480.00 target price on shares of Mastercard in a report on Wednesday, March 27th. Evercore ISI increased their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, BMO Capital Markets increased their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Trading Down 0.1 %

Shares of NYSE:MA traded down $0.32 during mid-day trading on Wednesday, reaching $462.50. 3,982,723 shares of the company’s stock were exchanged, compared to its average volume of 2,420,361. 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 Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The firm has a market capitalization of $431.46 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 1.73 and a beta of 1.08. The business’s fifty day moving average price is $471.65 and its 200-day moving average price is $435.45.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the business earned $2.65 EPS. On average, research analysts predict that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s payout ratio is presently 22.32%.

Mastercard Company Profile

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.