Revolve Wealth Partners LLC Sells 643 Shares of Mastercard Incorporated (NYSE:MA)

Revolve Wealth Partners LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 15.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,443 shares of the credit services provider’s stock after selling 643 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Mastercard were worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the 2nd quarter valued at $34,000. First Personal Financial Services bought a new position in Mastercard in the 3rd quarter valued at $39,000. Lowe Wealth Advisors LLC boosted its stake in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Mastercard during the third quarter worth $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 2.6 %

NYSE:MA opened at $547.53 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50-day simple moving average is $524.77 and its 200-day simple moving average is $497.91. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $547.99. The stock has a market capitalization of $502.53 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

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

Mastercard declared that its board has initiated a share buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Macquarie increased their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. KeyCorp raised their price target on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Jefferies Financial Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $567.29.

Mastercard 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.