Mastercard Incorporated (NYSE:MA) Shares Bought by Madison Wealth Partners Inc

Madison Wealth Partners Inc raised its holdings in Mastercard Incorporated (NYSE:MA) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 688 shares of the credit services provider’s stock after purchasing an additional 21 shares during the quarter. Madison Wealth Partners Inc’s holdings in Mastercard were worth $362,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. NewSquare Capital LLC acquired a new position in shares of Mastercard during the fourth quarter worth about $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the fourth quarter worth about $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard during the fourth quarter worth about $32,000. Truvestments Capital LLC boosted its holdings in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after buying an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. boosted its holdings in Mastercard by 483.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Macquarie upped their price target on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Performance

Shares of MA stock opened at $524.69 on Thursday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50 day moving average price of $545.31 and a 200 day moving average price of $522.05. The firm has a market capitalization of $478.36 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is currently 21.89%.

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

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.