Quadrant Private Wealth Management LLC Purchases 85 Shares of Mastercard Incorporated (NYSE:MA)

Quadrant Private Wealth Management LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 630 shares of the credit services provider’s stock after buying an additional 85 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Mastercard were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MA. Creative Planning lifted its position in shares of Mastercard by 5.8% during the 3rd quarter. Creative Planning now owns 205,594 shares of the credit services provider’s stock worth $101,523,000 after buying an additional 11,331 shares in the last quarter. Swedbank AB increased its stake in shares of Mastercard by 14.8% during the 3rd quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock worth $925,662,000 after purchasing an additional 241,297 shares during the last quarter. Secure Asset Management LLC purchased a new stake in shares of Mastercard during the 3rd quarter worth approximately $233,000. Ellsworth Advisors LLC purchased a new stake in shares of Mastercard during the 3rd quarter worth approximately $209,000. Finally, Sax Wealth Advisors LLC increased its stake in shares of Mastercard by 3.9% during the 3rd quarter. Sax Wealth Advisors LLC now owns 1,077 shares of the credit services provider’s stock worth $532,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $564.77 on Friday. The stock has a market cap of $518.36 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94. The stock’s 50-day moving average is $535.49 and its 200 day moving average is $509.54.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard declared that its Board of Directors has approved a share buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on MA. Royal Bank of Canada raised their price target on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company raised their price target on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Citigroup raised their price target on shares of Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, KeyCorp lifted their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note 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 given a strong buy rating to the company. According to MarketBeat, 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.