Mastercard Incorporated (NYSE:MA) Shares Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC grew its position in Mastercard Incorporated (NYSE:MA) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,361 shares of the credit services provider’s stock after acquiring an additional 471 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Mastercard were worth $5,456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Highline Wealth Partners LLC bought a new position in Mastercard in the third quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $30,000. First Personal Financial Services acquired a new position in Mastercard during the 3rd quarter valued at approximately $39,000. FPC Investment Advisory Inc. boosted its position in Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 58 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Mastercard during the 3rd quarter worth $54,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent research reports. Monness Crespi & Hardt upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price on the stock in a research note on Friday, January 31st. TD Cowen boosted their target price on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Tigress Financial boosted their price objective on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Trading Up 0.6 %

Shares of NYSE MA opened at $564.91 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The company has a market cap of $515.03 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.37 and a beta of 1.10. The business has a fifty day simple moving average of $541.87 and a 200-day simple moving average of $516.37.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard declared that its Board of Directors has authorized a share repurchase plan 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 buy up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign 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.