FAS Wealth Partners Inc. Acquires 106 Shares of Mastercard Incorporated (NYSE:MA)

FAS Wealth Partners Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 628 shares of the credit services provider’s stock after acquiring an additional 106 shares during the period. FAS Wealth Partners Inc.’s holdings in Mastercard were worth $268,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 1st quarter worth about $25,000. Hibernia Wealth Partners LLC bought a new stake in Mastercard during the 3rd quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the fourth quarter worth about $27,000. Bollard Group LLC bought a new position in shares of Mastercard in the second quarter worth approximately $29,000. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Mastercard during the third quarter valued at approximately $36,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Mizuho reiterated a “buy” rating and set a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Royal Bank of Canada boosted their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Raymond James lifted their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Monness Crespi & Hardt initiated coverage on shares of Mastercard in a research report on Wednesday, December 20th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $479.62.

View Our Latest Report on Mastercard

Mastercard Price Performance

NYSE MA opened at $479.43 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 12 month low of $355.97 and a 12 month high of $490.00. The stock has a market cap of $447.26 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.82 and a beta of 1.08. The company’s 50 day moving average is $466.86 and its two-hundred day moving average is $427.90.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period last year, the firm earned $2.65 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is currently 22.32%.

Mastercard declared that its board has authorized a share repurchase program on Tuesday, December 5th that allows the company to repurchase $11.00 billion in shares. This repurchase authorization allows the credit services provider to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other Mastercard news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the sale, the insider now owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. Insiders have sold 50,628 shares of company stock valued at $23,309,067 over the last ninety days. 0.13% of the stock is currently owned by insiders.

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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