Mastercard Incorporated (NYSE:MA) Shares Bought by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,723 shares of the credit services provider’s stock after acquiring an additional 138 shares during the quarter. Lindbrook Capital LLC’s holdings in Mastercard were worth $3,014,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Addison Advisors LLC increased its position in shares of Mastercard by 3.8% during the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider’s stock worth $260,000 after acquiring an additional 18 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in Mastercard by 0.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock valued at $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. grew its position in Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock valued at $250,000 after purchasing an additional 19 shares in the last quarter. Augustine Asset Management Inc. grew its position in Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider’s stock valued at $946,000 after purchasing an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC grew its position in Mastercard by 0.9% in the fourth quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider’s stock valued at $1,182,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $558.81 on Thursday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a 50-day simple moving average of $544.58 and a two-hundred day simple moving average of $519.64. The stock has a market capitalization of $509.47 billion, a price-to-earnings ratio of 40.23, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Analyst Ratings Changes

A number of research analysts recently weighed in on MA shares. TD Cowen raised their target price on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Macquarie increased their price target on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. UBS Group increased their price target 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. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target for the company in a research note on Friday, January 31st. Finally, BMO Capital Markets increased their price target on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $606.11.

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.