Rovin Capital UT ADV Purchases New Shares in Mastercard Incorporated (NYSE:MA)

Rovin Capital UT ADV purchased a new position in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 428 shares of the credit services provider’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. RMR Wealth Builders raised its stake in Mastercard by 0.9% during the 4th quarter. RMR Wealth Builders now owns 4,526 shares of the credit services provider’s stock valued at $2,383,000 after purchasing an additional 40 shares during the period. Outlook Wealth Advisors LLC raised its position in Mastercard by 10.3% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,606 shares of the credit services provider’s stock valued at $846,000 after buying an additional 150 shares during the period. Essex Savings Bank raised its position in Mastercard by 3.5% during the fourth quarter. Essex Savings Bank now owns 4,368 shares of the credit services provider’s stock valued at $2,300,000 after buying an additional 147 shares during the period. ERn Financial LLC lifted its stake in Mastercard by 44.2% in the 4th quarter. ERn Financial LLC now owns 659 shares of the credit services provider’s stock worth $347,000 after acquiring an additional 202 shares in the last quarter. Finally, HCR Wealth Advisors grew its stake in Mastercard by 1.8% during the 4th quarter. HCR Wealth Advisors now owns 3,889 shares of the credit services provider’s stock valued at $2,048,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $523.08 on Friday. Mastercard Incorporated has a 12 month low of $425.48 and a 12 month high of $537.70. The company has a market cap of $480.10 billion, a P/E ratio of 39.57, a P/E/G ratio of 2.00 and a beta of 1.10. The business’s 50 day moving average is $524.17 and its two-hundred day moving average is $493.43. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping 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 business 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. Mastercard’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 14.46 EPS for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 19.97%.

Mastercard declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Susquehanna upped their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Piper Sandler reissued an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Finally, Macquarie upped their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four investment 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 company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

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.