1,780 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,780 shares of the credit services provider’s stock, valued at approximately $938,000. Mastercard comprises 0.8% of Crowley Wealth Management Inc.’s investment portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after purchasing an additional 377,302 shares during the last quarter. Haverford Financial Services Inc. lifted its position in shares of Mastercard by 0.3% during the 4th quarter. Haverford Financial Services Inc. now owns 32,379 shares of the credit services provider’s stock worth $17,050,000 after buying an additional 107 shares in the last quarter. Richwood Investment Advisors LLC boosted its stake in shares of Mastercard by 4.4% in the 4th quarter. Richwood Investment Advisors LLC now owns 4,037 shares of the credit services provider’s stock worth $2,126,000 after buying an additional 171 shares during the last quarter. Banco de Sabadell S.A grew its holdings in shares of Mastercard by 1.6% in the fourth quarter. Banco de Sabadell S.A now owns 7,130 shares of the credit services provider’s stock valued at $3,758,000 after acquiring an additional 109 shares in the last quarter. Finally, Blueprint Investment Partners LLC increased its position in shares of Mastercard by 57.4% during the fourth quarter. Blueprint Investment Partners LLC now owns 3,977 shares of the credit services provider’s stock valued at $2,094,000 after acquiring an additional 1,450 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 0.2 %

Shares of NYSE MA opened at $535.14 on Friday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. 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 firm’s 50-day moving average price is $547.55 and its 200-day moving average price is $524.65. The stock has a market capitalization of $487.89 billion, a price-to-earnings ratio of 38.53, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS 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%. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business 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 dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is currently 21.89%.

Mastercard declared that its Board of Directors has authorized a stock 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 reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Macquarie boosted their target price on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley cut their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Royal Bank of Canada boosted their price objective on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Susquehanna increased their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Insider Activity at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

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.