Tranquilli Financial Advisor LLC Sells 26 Shares of Mastercard Incorporated (NYSE:MA)

Tranquilli Financial Advisor LLC cut its position in Mastercard Incorporated (NYSE:MAFree Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 646 shares of the credit services provider’s stock after selling 26 shares during the quarter. Tranquilli Financial Advisor LLC’s holdings in Mastercard were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Czech National Bank raised its holdings in Mastercard by 7.4% in the 3rd quarter. Czech National Bank now owns 167,963 shares of the credit services provider’s stock valued at $82,940,000 after acquiring an additional 11,513 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Mastercard by 27.1% in the third quarter. GAMMA Investing LLC now owns 10,513 shares of the credit services provider’s stock worth $5,191,000 after purchasing an additional 2,239 shares during the period. WealthBridge Capital Management LLC raised its stake in Mastercard by 261.1% in the third quarter. WealthBridge Capital Management LLC now owns 5,532 shares of the credit services provider’s stock valued at $2,732,000 after purchasing an additional 4,000 shares in the last quarter. Azzad Asset Management Inc. ADV acquired a new stake in Mastercard during the third quarter worth about $5,129,000. Finally, Diversified Trust Co increased its holdings in Mastercard by 0.3% in the 3rd quarter. Diversified Trust Co now owns 22,045 shares of the credit services provider’s stock valued at $10,886,000 after buying an additional 63 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday. William Blair restated an “outperform” rating on shares of Mastercard in a report on Friday. Finally, Susquehanna lifted their price objective on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $599.42.

Read Our Latest Stock Analysis on MA

Mastercard Stock Performance

Shares of MA opened at $563.21 on Tuesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The firm has a market cap of $516.93 billion, a PE ratio of 40.56, a PEG ratio of 2.23 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The stock’s fifty day moving average price is $528.28 and its two-hundred day moving average price is $501.78.

Mastercard (NYSE:MAGet Free Report) last posted 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 net margin of 45.71% and a return on equity of 188.47%. On average, equities research analysts forecast that Mastercard Incorporated will post 16.04 EPS for the current year.

Mastercard announced that its Board of Directors has authorized a share repurchase plan 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 repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date is Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is presently 21.89%.

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.

Featured Stories

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.