SteelPeak Wealth LLC Acquires 217 Shares of Mastercard Incorporated (NYSE:MA)

SteelPeak Wealth LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,173 shares of the credit services provider’s stock after buying an additional 217 shares during the period. SteelPeak Wealth LLC’s holdings in Mastercard were worth $2,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the second quarter valued at approximately $34,000. First Personal Financial Services bought a new position in shares of Mastercard in the third quarter valued at approximately $39,000. Lowe Wealth Advisors LLC lifted its stake in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Mastercard during the 3rd quarter worth $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. JPMorgan Chase & Co. dropped their price objective on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. UBS Group increased their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Keefe, Bruyette & Woods lifted their price target on Mastercard from $580.00 to $618.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Piper Sandler raised their price objective on shares of Mastercard from $575.00 to $591.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $567.29.

Mastercard Trading Down 0.0 %

Shares of Mastercard stock opened at $547.61 on Wednesday. The stock has a market capitalization of $502.61 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $551.55. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a 50-day simple moving average of $525.29 and a 200 day simple moving average of $498.70.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $3.39 earnings per share. Research analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 23.00%.

Mastercard declared that its board has initiated a share buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is 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.