Private Wealth Partners LLC Has $5.03 Million Position in Mastercard Incorporated (NYSE:MA)

Private Wealth Partners LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,559 shares of the credit services provider’s stock after buying an additional 1,149 shares during the quarter. Private Wealth Partners LLC’s holdings in Mastercard were worth $5,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the third quarter valued at approximately $25,000. First Personal Financial Services bought a new position in Mastercard in the third quarter valued at $39,000. FSA Wealth Management LLC acquired a new stake in Mastercard in the 3rd quarter valued at $54,000. Raelipskie Partnership lifted its position in Mastercard by 120.0% during the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after buying an additional 60 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Mastercard during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $568.97 on Thursday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $522.22 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The firm’s 50-day simple moving average is $537.79 and its 200 day simple moving average is $512.17.

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

Mastercard declared that its board has approved a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MA. Raymond James reiterated an “outperform” rating and set a $640.00 target price (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective for the company in a report on Tuesday, February 4th. Barclays boosted their target price on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.