One Wealth Capital Management LLC Takes $1.28 Million Position in Mastercard Incorporated (NYSE:MA)

One Wealth Capital Management LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,427 shares of the credit services provider’s stock, valued at approximately $1,278,000. Mastercard makes up 0.6% of One Wealth Capital Management LLC’s holdings, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Strategic Financial Concepts LLC lifted its holdings in Mastercard by 12,522.2% in the second quarter. Strategic Financial Concepts LLC now owns 55,790 shares of the credit services provider’s stock valued at $246,000 after acquiring an additional 55,348 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of Mastercard by 6.5% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 1,306 shares of the credit services provider’s stock worth $576,000 after purchasing an additional 80 shares during the period. Oak Thistle LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth about $277,000. X Square Capital LLC raised its holdings in Mastercard by 2.3% in the 2nd quarter. X Square Capital LLC now owns 1,060 shares of the credit services provider’s stock valued at $468,000 after buying an additional 24 shares during the period. Finally, Stonekeep Investments LLC acquired a new position in Mastercard in the second quarter valued at about $316,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.0 %

Shares of NYSE MA traded up $0.08 during mid-day trading on Tuesday, reaching $512.01. The company had a trading volume of 1,342,235 shares, compared to its average volume of 2,133,748. The firm has a 50 day simple moving average of $523.65 and a two-hundred day simple moving average of $490.70. Mastercard Incorporated has a 52-week low of $416.53 and a 52-week high of $537.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market cap of $469.94 billion, a P/E ratio of 38.73, a PEG ratio of 2.36 and a beta of 1.10.

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

Mastercard Increases Dividend

The company 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 0.59%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 23.00%.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on MA shares. Jefferies Financial Group lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group lifted their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley increased their target price on Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Finally, Susquehanna increased their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $562.76.

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.