Mastercard Incorporated (NYSE:MA) Shares Bought by Austin Private Wealth LLC

Austin Private Wealth LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 915 shares of the credit services provider’s stock after acquiring an additional 97 shares during the quarter. Austin Private Wealth LLC’s holdings in Mastercard were worth $482,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in shares of Mastercard by 0.7% during the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after purchasing an additional 257,312 shares during the last quarter. FMR LLC lifted its holdings in shares of Mastercard by 3.4% in 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 last quarter. Geode Capital Management LLC boosted its position in shares of Mastercard by 2.5% in 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. International Assets Investment Management LLC grew its stake in Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Mastercard by 4.2% during the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after buying an additional 304,293 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MA. TD Cowen upped their price target 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. Keefe, Bruyette & Woods boosted their price target on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada increased their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler reissued an “overweight” rating and issued a $635.00 target price (up previously from $591.00) on shares of Mastercard in a report on Friday. Finally, UBS Group increased their price target on Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $595.64.

Mastercard Stock Down 1.8 %

MA stock opened at $555.63 on Friday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94. The stock has a market capitalization of $509.97 billion, a P/E ratio of 42.03, a PEG ratio of 2.17 and a beta of 1.10. The company has a 50 day moving average price of $527.58 and a two-hundred day moving average price of $500.25. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

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

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a $0.76 dividend. The ex-dividend date is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is currently 23.00%.

About Mastercard

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.