Axxcess Wealth Management LLC lowered its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,875 shares of the credit services provider’s stock after selling 59 shares during the period. Axxcess Wealth Management LLC’s holdings in Mastercard were worth $7,833,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Mastercard by 0.7% in the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after buying an additional 257,312 shares in the last quarter. FMR LLC raised its stake in Mastercard by 3.4% during the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after purchasing an additional 700,769 shares during the period. Geode Capital Management LLC raised its stake in Mastercard by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after purchasing an additional 453,773 shares during the period. Franklin Resources Inc. raised its stake in Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock valued at $3,800,836,000 after purchasing an additional 304,293 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Mastercard by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock valued at $3,115,228,000 after purchasing an additional 64,456 shares during the period. Institutional investors own 97.28% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on MA. UBS Group boosted their target price on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays boosted their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Jefferies Financial Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Wells Fargo & Company increased their target price on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.
Mastercard Stock Up 1.0 %
NYSE MA opened at $532.66 on Tuesday. 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 firm has a 50-day simple moving average of $545.80 and a 200 day simple moving average of $523.50. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The stock has a market cap of $485.63 billion, a PE ratio of 38.35, a PEG ratio of 2.37 and a beta of 1.10.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.
Mastercard Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is presently 21.89%.
Mastercard declared that its Board of Directors has approved a share repurchase program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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.
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