Impact Partnership Wealth LLC Invests $334,000 in Mastercard Incorporated (NYSE:MA)

Impact Partnership Wealth LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 635 shares of the credit services provider’s stock, valued at approximately $334,000.

A number of other large investors have also added to or reduced their stakes in MA. Daymark Wealth Partners LLC raised its holdings in Mastercard by 35.7% in the second quarter. Daymark Wealth Partners LLC now owns 7,794 shares of the credit services provider’s stock worth $3,438,000 after buying an additional 2,052 shares during the last quarter. MBB Public Markets I LLC raised its holdings in Mastercard by 3,414.9% in the 2nd quarter. MBB Public Markets I LLC now owns 59,226 shares of the credit services provider’s stock worth $26,128,000 after acquiring an additional 57,541 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in Mastercard by 2,861.1% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 11,193 shares of the credit services provider’s stock valued at $4,938,000 after acquiring an additional 10,815 shares in the last quarter. Scientech Research LLC boosted its stake in Mastercard by 91.6% during the 2nd quarter. Scientech Research LLC now owns 5,171 shares of the credit services provider’s stock valued at $2,281,000 after purchasing an additional 2,472 shares during the last quarter. Finally, First County Bank CT increased its holdings in shares of Mastercard by 3.4% in the 2nd quarter. First County Bank CT now owns 1,823 shares of the credit services provider’s stock worth $804,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MA shares. TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. UBS Group raised their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays boosted their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $567.29.

Mastercard Trading Down 0.1 %

Shares of MA stock opened at $533.50 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a fifty day simple moving average of $524.54 and a two-hundred day simple moving average of $496.49. The firm has a market capitalization of $489.66 billion, a PE ratio of 40.36, a PEG ratio of 2.10 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $537.70.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the company earned $3.39 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a dividend of $0.76 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio is currently 23.00%.

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.