Genesis Private Wealth LLC Invests $881,000 in Mastercard Incorporated (NYSE:MA)

Genesis Private Wealth LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,674 shares of the credit services provider’s stock, valued at approximately $881,000.

Several other large investors have also recently modified their holdings of the business. Simon Quick Advisors LLC lifted its holdings in shares of Mastercard by 5.3% in the 4th quarter. Simon Quick Advisors LLC now owns 6,473 shares of the credit services provider’s stock worth $3,409,000 after acquiring an additional 323 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in shares of Mastercard by 3.4% in the fourth quarter. Beaumont Financial Advisors LLC now owns 2,984 shares of the credit services provider’s stock worth $1,571,000 after buying an additional 98 shares during the period. Verum Partners LLC increased its position in Mastercard by 2.7% during the 4th quarter. Verum Partners LLC now owns 955 shares of the credit services provider’s stock valued at $503,000 after purchasing an additional 25 shares during the period. Fort Washington Investment Advisors Inc. OH purchased a new position in Mastercard during the 4th quarter valued at $211,000. Finally, Exchange Bank grew its position in shares of Mastercard by 3.3% in the 4th quarter. Exchange Bank now owns 1,239 shares of the credit services provider’s stock worth $652,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.6 %

Mastercard stock opened at $527.84 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $537.70. The firm has a 50 day moving average of $524.19 and a 200 day moving average of $495.46. The firm has a market capitalization of $484.47 billion, a price-to-earnings ratio of 39.93, a P/E/G ratio of 2.09 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) 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 business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the firm posted $3.39 EPS. The company’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. 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 yield of 0.58%. The ex-dividend date is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is 23.00%.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Robert W. Baird upped their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen upped their price target on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Seaport Res Ptn cut shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

Mastercard Company 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.