Revolve Wealth Partners LLC Has $1.81 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Revolve Wealth Partners LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 15.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,443 shares of the credit services provider’s stock after selling 643 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Mastercard were worth $1,813,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MA. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $34,000. First Personal Financial Services bought a new stake in Mastercard in the 3rd quarter valued at $39,000. Lowe Wealth Advisors LLC lifted its holdings in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in Mastercard during the third quarter worth $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $547.53 on Tuesday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $547.99. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business has a fifty day simple moving average of $524.77 and a 200 day simple moving average of $497.91. The company has a market cap of $502.53 billion, a P/E ratio of 41.42, a P/E/G ratio of 2.10 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.39 earnings per share. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard announced that its board has authorized a share buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally 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 paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is presently 23.00%.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Mizuho increased their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler boosted their price objective on Mastercard from $575.00 to $591.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna increased their target price on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $567.29.

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.