Mastercard Incorporated (NYSE:MA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $570.00 to $593.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Mastercard traded as high as $518.32 and last traded at $516.42, with a volume of 132180 shares changing hands. The stock had previously closed at $516.34.
A number of other research analysts have also issued reports on MA. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Robert W. Baird raised their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Susquehanna raised their target price on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Finally, TD Cowen lifted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $525.68.
View Our Latest Stock Analysis on Mastercard
Insider Buying and Selling at Mastercard
Institutional Investors Weigh In On Mastercard
Institutional investors and hedge funds have recently bought and sold shares of the stock. Palisade Asset Management LLC purchased a new position in Mastercard during the first quarter worth about $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter worth approximately $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the second quarter valued at approximately $35,000. Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 37 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its holdings in Mastercard by 168.6% during the first quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 59 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.
Mastercard Stock Performance
The firm has a market cap of $476.91 billion, a PE ratio of 40.78, a PEG ratio of 2.22 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a 50-day simple moving average of $489.16 and a two-hundred day simple moving average of $464.58.
Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current year.
Mastercard Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. Mastercard’s payout ratio is currently 20.99%.
About Mastercard
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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