Mastercard Incorporated (NYSE:MA) Shares Purchased by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. raised its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 20.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 628 shares of the credit services provider’s stock after buying an additional 106 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Mastercard were worth $268,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cypress Wealth Services LLC increased its position in shares of Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after buying an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC increased its holdings in Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares in the last quarter. Cassia Capital Partners LLC increased its holdings in Mastercard by 2.1% during the 3rd quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock worth $491,000 after purchasing an additional 26 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of Mastercard by 8.4% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 348 shares of the credit services provider’s stock worth $138,000 after buying an additional 27 shares during the last quarter. Finally, Visionary Wealth Advisors boosted its stake in shares of Mastercard by 0.5% during the 3rd quarter. Visionary Wealth Advisors now owns 5,311 shares of the credit services provider’s stock worth $2,103,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Monness Crespi & Hardt assumed coverage on shares of Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Oppenheimer restated an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Royal Bank of Canada increased their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Jefferies Financial Group increased their price objective on shares of Mastercard from $425.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $479.62.

Get Our Latest Stock Analysis on MA

Mastercard Stock Up 0.2 %

Shares of MA opened at $479.43 on Wednesday. Mastercard Incorporated has a 12 month low of $355.97 and a 12 month high of $490.00. The firm’s 50 day moving average is $466.86 and its 200-day moving average is $427.90. The stock has a market capitalization of $447.26 billion, a PE ratio of 40.53, a P/E/G ratio of 1.82 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period last year, the firm earned $2.65 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio is presently 22.32%.

Mastercard declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 5th that permits the company to repurchase $11.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 8,900 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $20,003,217.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Craig Vosburg sold 8,900 shares of Mastercard stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total value of $3,829,314.00. Following the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $20,003,217.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the transaction, the insider now directly owns 6,235 shares in the company, valued at $2,740,407.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,628 shares of company stock valued at $23,309,067. 0.13% of the stock is currently owned by company insiders.

About Mastercard

(Free Report)

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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