Mastercard Inc (MA) Shares Bought by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. increased its stake in shares of Mastercard Inc (NYSE:MA) by 10.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,352 shares of the credit services provider’s stock after buying an additional 1,803 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Mastercard were worth $4,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. HL Financial Services LLC increased its stake in shares of Mastercard by 17.3% in the third quarter. HL Financial Services LLC now owns 17,299 shares of the credit services provider’s stock worth $3,851,000 after purchasing an additional 2,551 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Mastercard by 11.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 114,757 shares of the credit services provider’s stock worth $25,546,000 after purchasing an additional 11,343 shares in the last quarter. Usca Ria LLC increased its stake in shares of Mastercard by 4.0% in the third quarter. Usca Ria LLC now owns 17,291 shares of the credit services provider’s stock worth $3,849,000 after purchasing an additional 663 shares in the last quarter. Commerce Bank increased its stake in shares of Mastercard by 2.0% in the third quarter. Commerce Bank now owns 107,038 shares of the credit services provider’s stock worth $23,828,000 after purchasing an additional 2,098 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Mastercard in the third quarter worth about $939,000. Institutional investors and hedge funds own 74.43% of the company’s stock.

In related news, Director Richard K. Davis bought 2,475 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was acquired at an average cost of $196.37 per share, for a total transaction of $486,015.75. Following the completion of the transaction, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Several research firms have recently weighed in on MA. BMO Capital Markets lifted their target price on shares of Mastercard from $238.00 to $248.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Loop Capital set a $232.00 target price on shares of Mastercard and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Credit Suisse Group lifted their target price on shares of Mastercard from $210.00 to $224.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. Wells Fargo & Co lifted their target price on shares of Mastercard from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Finally, Goldman Sachs Group upgraded shares of Mastercard from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 17th. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $219.24.

Shares of Mastercard stock opened at $205.62 on Friday. Mastercard Inc has a 1 year low of $140.61 and a 1 year high of $225.35. The company has a market cap of $206.81 billion, a price-to-earnings ratio of 44.90, a P/E/G ratio of 1.71 and a beta of 1.22. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.55 and a quick 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 the consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the business posted $1.34 earnings per share. Mastercard’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities research analysts predict that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Tuesday, October 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 5th. This represents a $1.00 annualized dividend and a yield of 0.49%. Mastercard’s payout ratio is presently 21.83%.

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Mastercard Company Profile

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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