BlackDiamond Wealth Management LLC Acquires 19 Shares of Mastercard Incorporated (NYSE:MA)

BlackDiamond Wealth Management LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 846 shares of the credit services provider’s stock after purchasing an additional 19 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Mastercard were worth $445,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MA. NewSquare Capital LLC acquired a new position in Mastercard in the fourth quarter valued at about $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter valued at about $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the fourth quarter valued at about $32,000. Truvestments Capital LLC grew its stake in Mastercard by 62.5% in the fourth 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 period. Finally, FPC Investment Advisory Inc. grew its stake in Mastercard by 483.3% in the fourth 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 period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MA. Jefferies Financial Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Royal Bank of Canada upped their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. KeyCorp upped their price objective on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

Shares of NYSE MA opened at $532.66 on Tuesday. The firm has a market cap of $485.63 billion, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. 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 1-year low of $428.86 and a 1-year high of $582.23. The business’s 50 day moving average is $545.80 and its 200-day moving average is $523.50.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Equities research analysts predict 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. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.