Mastercard Incorporated (NYSE:MA) Shares Bought by GenTrust LLC

GenTrust LLC raised its position in Mastercard Incorporated (NYSE:MA) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,138 shares of the credit services provider’s stock after buying an additional 29 shares during the period. GenTrust LLC’s holdings in Mastercard were worth $599,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SRN Advisors LLC boosted its holdings in shares of Mastercard by 17.1% during the 4th quarter. SRN Advisors LLC now owns 5,619 shares of the credit services provider’s stock worth $2,959,000 after purchasing an additional 821 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $198,000. NewEdge Wealth LLC boosted its holdings in shares of Mastercard by 3.3% during the 4th quarter. NewEdge Wealth LLC now owns 100,155 shares of the credit services provider’s stock worth $52,739,000 after purchasing an additional 3,218 shares during the last quarter. Magnolia Private Wealth LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $440,000. Finally, Checchi Capital Advisers LLC boosted its holdings in shares of Mastercard by 1.8% during the 4th quarter. Checchi Capital Advisers LLC now owns 8,647 shares of the credit services provider’s stock worth $4,553,000 after purchasing an additional 150 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA stock opened at $560.86 on Thursday. 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 has a fifty day moving average price of $541.04 and a 200 day moving average price of $516.03. The company has a market cap of $511.34 billion, a P/E ratio of 40.38, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94.

Mastercard (NYSE:MA) last issued its 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%. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its board has initiated a stock repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

MA has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Morgan Stanley lowered their target price on Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. TD Cowen lifted their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. 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. Finally, DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.