Capital Advisory Group Advisory Services LLC Acquires 84 Shares of Mastercard Incorporated (NYSE:MA)

Capital Advisory Group Advisory Services LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 607 shares of the credit services provider’s stock after buying an additional 84 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Mastercard were worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the third quarter valued at approximately $25,000. First Personal Financial Services bought a new stake in Mastercard during the 3rd quarter valued at $39,000. FSA Wealth Management LLC purchased a new stake in Mastercard during the 3rd quarter valued at $54,000. Raelipskie Partnership grew its holdings in Mastercard by 120.0% in the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after acquiring an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Mastercard in the third quarter valued at about $55,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MA. Deutsche Bank Aktiengesellschaft increased their target price on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. KeyCorp lifted their price objective on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Citigroup boosted their target price on Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Royal Bank of Canada raised their price target on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Mizuho boosted their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Down 0.9 %

Shares of Mastercard stock opened at $563.61 on Friday. The company has a 50-day simple moving average of $538.41 and a two-hundred day simple moving average of $512.53. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $517.30 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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%. On average, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a share repurchase plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is 21.89%.

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.