Mastercard Incorporated (NYSE:MA) Shares Bought by waypoint wealth counsel

waypoint wealth counsel lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 482 shares of the credit services provider’s stock after acquiring an additional 31 shares during the quarter. waypoint wealth counsel’s holdings in Mastercard were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Atticus Wealth Management LLC grew its position in Mastercard by 2.9% in the fourth quarter. Atticus Wealth Management LLC now owns 1,438 shares of the credit services provider’s stock valued at $757,000 after acquiring an additional 41 shares in the last quarter. KBC Group NV boosted its stake in shares of Mastercard by 4.8% in the fourth quarter. KBC Group NV now owns 431,117 shares of the credit services provider’s stock valued at $227,014,000 after purchasing an additional 19,803 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Mastercard during the 4th quarter valued at $83,644,000. Capital Asset Advisory Services LLC increased its stake in Mastercard by 0.3% during the 4th quarter. Capital Asset Advisory Services LLC now owns 8,804 shares of the credit services provider’s stock worth $4,590,000 after buying an additional 29 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Mastercard by 35.8% in the 4th quarter. Blue Trust Inc. now owns 14,738 shares of the credit services provider’s stock worth $7,277,000 after buying an additional 3,887 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. UBS Group boosted their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Macquarie increased their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Barclays boosted their price target on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Jefferies Financial Group lifted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four equities research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $567.29.

Mastercard Trading Down 0.1 %

NYSE:MA opened at $533.50 on Monday. The stock has a market cap of $489.66 billion, a price-to-earnings ratio of 40.36, a PEG ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $537.70. The business has a fifty day moving average of $524.77 and a 200-day moving average of $497.46.

Mastercard (NYSE:MA) last announced its earnings results 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 firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is presently 23.00%.

Mastercard declared that its Board of Directors has authorized a stock buyback 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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership 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.