GWN Securities Inc. bought a new stake in Mastercard Incorporated (NYSE:MA – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,733 shares of the credit services provider’s stock, valued at approximately $1,458,000.
Several other hedge funds have also recently bought and sold shares of MA. Bank of Montreal Can grew its holdings in shares of Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Mastercard during the 4th quarter worth approximately $837,017,000. Proficio Capital Partners LLC grew its holdings in Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock worth $818,962,000 after acquiring an additional 1,553,329 shares during the last quarter. FMR LLC grew its holdings in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares during the last quarter. Finally, Amundi grew its holdings in Mastercard by 13.1% during the 4th quarter. Amundi now owns 4,899,438 shares of the credit services provider’s stock worth $2,532,541,000 after acquiring an additional 565,717 shares during the last quarter. 97.28% of the stock is owned by institutional investors.
Mastercard Stock Performance
Shares of MA stock opened at $527.87 on Friday. The firm has a market capitalization of $481.27 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The firm has a fifty day simple moving average of $545.38 and a two-hundred day simple moving average of $522.78. The company has a current ratio of 1.03, a quick 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 $582.23.
Mastercard Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. Mastercard’s payout ratio is 21.89%.
Mastercard declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of research firms have weighed in on MA. Oppenheimer reduced their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price on the stock in a report on Tuesday, February 4th. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price target on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $606.11.
Read Our Latest Research Report on Mastercard
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.
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