1,915 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. purchased a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,915 shares of the credit services provider’s stock, valued at approximately $1,008,000. Mastercard comprises about 0.9% of Runnymede Capital Advisors Inc.’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently added to or reduced their stakes in MA. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $26,000. Marshall Investment Management LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $30,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $32,000. Truvestments Capital LLC lifted its position in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after buying an additional 25 shares during the last quarter. Finally, FPC Investment Advisory Inc. lifted its position in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $535.14 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The stock has a market cap of $487.89 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The firm’s fifty day simple moving average is $547.55 and its 200-day simple moving average is $524.36.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, UBS Group lifted their target price on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four 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, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard 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.