FSB Premier Wealth Management Inc. Purchases 63 Shares of Mastercard Incorporated (NYSE:MA)

FSB Premier Wealth Management Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,269 shares of the credit services provider’s stock after buying an additional 63 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Mastercard were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. NewSquare Capital LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the fourth quarter worth about $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Truvestments Capital LLC boosted its holdings in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 25 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 3.0 %

NYSE MA opened at $540.57 on Monday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The stock has a 50-day simple moving average of $550.58 and a 200 day simple moving average of $527.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $492.84 billion, a PE ratio of 38.92, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating 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%. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company’s stock, valued at approximately $18,459,292.32. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MA. UBS Group boosted their price target on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Oppenheimer dropped their price objective on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Finally, Jefferies Financial Group boosted their target price on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.