Angeles Wealth Management LLC Acquires 132 Shares of Mastercard Incorporated (NYSE:MA)

Angeles Wealth Management LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,282 shares of the credit services provider’s stock after acquiring an additional 132 shares during the period. Angeles Wealth Management LLC’s holdings in Mastercard were worth $3,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Investment Advisory Services LLC increased its holdings in shares of Mastercard by 0.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider’s stock worth $1,651,000 after buying an additional 19 shares during the period. Capital Investment Services of America Inc. lifted its stake in Mastercard by 4.2% in the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider’s stock worth $250,000 after acquiring an additional 19 shares during the period. Goldstein Advisors LLC increased its position in Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares during the period. Community Bank N.A. raised its holdings in Mastercard by 0.9% in the 3rd quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after purchasing an additional 20 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its holdings in Mastercard by 1.5% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after purchasing an additional 20 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Seaport Res Ptn cut Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price target on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, UBS Group raised their price objective on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $603.08.

Mastercard Stock Performance

Shares of MA stock opened at $562.55 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a 50 day moving average price of $531.61 and a 200-day moving average price of $505.53. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The firm has a market capitalization of $516.33 billion, a PE ratio of 40.50, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results 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, equities research analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current year.

Mastercard announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Mastercard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were given a dividend of $0.76 per share. The ex-dividend date was Friday, January 10th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is presently 21.89%.

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.