403 Shares in Mastercard Incorporated (NYSE:MA) Acquired by ORBA Wealth Advisors L.L.C.

ORBA Wealth Advisors L.L.C. bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 403 shares of the credit services provider’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB boosted its position in shares of Mastercard by 14.8% during the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after acquiring an additional 241,297 shares during the last quarter. Inscription Capital LLC lifted its holdings in Mastercard by 24.4% during the 3rd quarter. Inscription Capital LLC now owns 830 shares of the credit services provider’s stock valued at $410,000 after buying an additional 163 shares in the last quarter. Orrstown Financial Services Inc. grew its position in shares of Mastercard by 38.9% during the 3rd quarter. Orrstown Financial Services Inc. now owns 3,080 shares of the credit services provider’s stock worth $1,521,000 after buying an additional 863 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in Mastercard by 4.4% in the third quarter. Pallas Capital Advisors LLC now owns 15,260 shares of the credit services provider’s stock worth $7,792,000 after buying an additional 647 shares in the last quarter. Finally, abrdn plc boosted its holdings in shares of Mastercard by 2.9% in the 3rd quarter. abrdn plc now owns 1,080,500 shares of the credit services provider’s stock valued at $532,886,000 after buying an additional 30,587 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MA. Tigress Financial boosted their price objective on shares of Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company upped their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Citigroup upped their target price on Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Royal Bank of Canada raised their target price on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Up 1.0 %

Shares of MA opened at $564.68 on Wednesday. The stock has a market capitalization of $514.82 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The stock has a 50 day moving average price of $540.22 and a 200 day moving average price of $515.72.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s payout ratio is currently 21.89%.

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

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.