Greykasell Wealth Strategies Inc. Invests $1.93 Million in Mastercard Incorporated (NYSE:MA)

Greykasell Wealth Strategies Inc. purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,661 shares of the credit services provider’s stock, valued at approximately $1,928,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $30,000. Truvestments Capital LLC boosted its position in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. Finally, FPC Investment Advisory Inc. boosted its position in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 1.5 %

MA stock opened at $527.87 on Friday. The company has a current ratio of 1.03, a quick 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 company’s 50 day moving average is $545.38 and its two-hundred day moving average is $522.44. The stock has a market cap of $481.27 billion, a P/E ratio of 38.00, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping 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%. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its board has authorized a share 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 repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. 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 report on Friday, January 31st. Finally, Royal Bank of Canada upped their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

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.