Phillips Financial Management LLC Buys 51 Shares of Mastercard Incorporated (NYSE:MA)

Phillips Financial Management LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 802 shares of the credit services provider’s stock after purchasing an additional 51 shares during the quarter. Phillips Financial Management LLC’s holdings in Mastercard were worth $422,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC grew its position in shares of Mastercard by 9.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 600 shares of the credit services provider’s stock worth $316,000 after buying an additional 50 shares during the period. Impact Capital Partners LLC purchased a new stake in Mastercard during the 4th quarter valued at about $1,222,000. Madison Wealth Partners Inc grew its position in Mastercard by 3.1% during the 4th quarter. Madison Wealth Partners Inc now owns 688 shares of the credit services provider’s stock valued at $362,000 after purchasing an additional 21 shares during the last quarter. DecisionMap Wealth Management LLC purchased a new stake in Mastercard during the 4th quarter valued at about $391,000. Finally, CFO4Life Group LLC lifted its stake in Mastercard by 0.7% during the 4th quarter. CFO4Life Group LLC now owns 13,244 shares of the credit services provider’s stock valued at $6,974,000 after acquiring an additional 95 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MA. JPMorgan Chase & Co. upped their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods upped their target price on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Oppenheimer lowered their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, KeyCorp increased their price objective on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Trading Down 0.2 %

MA stock opened at $524.69 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The stock 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. The firm’s fifty day simple moving average is $545.31 and its two-hundred day simple moving average is $522.05.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 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 0.58%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard announced that its Board of Directors has initiated a share buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management 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.