FFT Wealth Management LLC Increases Stock Position in Mastercard Incorporated (NYSE:MA)

FFT Wealth Management LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,733 shares of the credit services provider’s stock after acquiring an additional 81 shares during the quarter. FFT Wealth Management LLC’s holdings in Mastercard were worth $1,439,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MA. Swedbank AB boosted its stake in Mastercard by 14.8% in the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock valued at $925,662,000 after acquiring an additional 241,297 shares in the last quarter. Inscription Capital LLC lifted its holdings in shares of Mastercard by 24.4% during the 3rd quarter. Inscription Capital LLC now owns 830 shares of the credit services provider’s stock valued at $410,000 after purchasing an additional 163 shares during the last quarter. Orrstown Financial Services Inc. boosted its position in shares of Mastercard by 38.9% in the 3rd quarter. Orrstown Financial Services Inc. now owns 3,080 shares of the credit services provider’s stock worth $1,521,000 after purchasing an additional 863 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in Mastercard by 4.4% during the 3rd quarter. Pallas Capital Advisors LLC now owns 15,260 shares of the credit services provider’s stock worth $7,792,000 after buying an additional 647 shares during the last quarter. Finally, abrdn plc increased its position in Mastercard by 2.9% during the 3rd quarter. abrdn plc now owns 1,080,500 shares of the credit services provider’s stock valued at $532,886,000 after buying an additional 30,587 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 1.0 %

Mastercard stock opened at $564.68 on Wednesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $514.82 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The business has a 50 day simple moving average of $540.22 and a 200-day simple moving average of $515.72. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard declared that its board has authorized a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Wells Fargo & Company boosted 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. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price on the stock in a research report on Friday, January 31st. Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Piper Sandler reissued an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, TD Cowen raised their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $606.11.

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.