383 Shares in Mastercard Incorporated (NYSE:MA) Bought by Keystone Wealth Services LLC

Keystone Wealth Services LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 383 shares of the credit services provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard in the 4th quarter valued at approximately $32,000. Marshall Investment Management LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $30,000. FPC Investment Advisory Inc. grew its holdings in Mastercard by 483.3% during the fourth 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 last quarter. First Personal Financial Services bought a new position in shares of Mastercard in the third quarter valued at approximately $39,000. Finally, Highline Wealth Partners LLC lifted its stake in shares of Mastercard by 72.5% in the fourth quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock worth $46,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.3 %

MA stock opened at $574.39 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $523.68 billion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 2.37 and a beta of 1.10. The business has a fifty day moving average price of $543.74 and a 200 day moving average price of $518.76. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23.

Mastercard (NYSE:MA) last announced its 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 return on equity of 188.47% and a net margin of 45.71%. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The business 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 $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. KeyCorp lifted their target price on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Macquarie lifted their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada increased their target price on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets lifted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Susquehanna increased their price objective on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

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.