Rockline Wealth Management LLC Buys 256 Shares of Mastercard Incorporated (NYSE:MA)

Rockline Wealth Management LLC grew its position in Mastercard Incorporated (NYSE:MA) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,828 shares of the credit services provider’s stock after purchasing an additional 256 shares during the quarter. Mastercard comprises approximately 1.1% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position. Rockline Wealth Management LLC’s holdings in Mastercard were worth $4,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $25,000. First Personal Financial Services acquired a new stake in shares of Mastercard in the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new stake in shares of Mastercard in the 3rd quarter valued at $54,000. Raelipskie Partnership increased its stake in shares of Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Mastercard during the 3rd quarter worth $55,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods raised 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. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a report on Tuesday. Finally, Susquehanna raised their price objective on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $599.42.

Mastercard Stock Performance

NYSE:MA opened at $564.48 on Tuesday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The firm has a market capitalization of $518.10 billion, a P/E ratio of 40.64, a P/E/G ratio of 2.23 and a beta of 1.10. The company has a fifty day moving average of $528.28 and a 200-day moving average of $501.78. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

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, 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, sell-side analysts anticipate that Mastercard Incorporated will post 16.04 EPS for the current year.

Mastercard announced that its board has initiated a share repurchase 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 21.89%.

Mastercard 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.