One Wealth Capital Management LLC Makes New $1.28 Million Investment in Mastercard Incorporated (NYSE:MA)

One Wealth Capital Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,427 shares of the credit services provider’s stock, valued at approximately $1,278,000. Mastercard makes up 0.6% of One Wealth Capital Management LLC’s holdings, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after buying an additional 257,312 shares during the last quarter. FMR LLC increased its holdings in shares of Mastercard by 3.4% during the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after acquiring an additional 700,769 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after purchasing an additional 453,773 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after purchasing an additional 8,035,099 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after purchasing an additional 304,293 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MA shares. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Citigroup lifted their price target on Mastercard from $566.00 to $572.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. decreased their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley raised their price target on shares of Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $562.76.

Mastercard Price Performance

NYSE:MA traded up $0.08 during trading hours on Tuesday, reaching $512.01. 1,342,235 shares of the company were exchanged, compared to its average volume of 2,133,748. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm has a market cap of $469.94 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $416.53 and a twelve month high of $537.70. The stock’s 50-day moving average is $523.65 and its 200-day moving average is $490.70.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company posted $3.39 EPS. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is currently 23.00%.

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

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.