Greenup Street Wealth Management LLC Has $1.45 Million Stock Holdings in Mastercard Incorporated $MA

Greenup Street Wealth Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 558.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,540 shares of the credit services provider’s stock after acquiring an additional 2,154 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in Mastercard were worth $1,445,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MA. LGT Financial Advisors LLC acquired a new position in shares of Mastercard in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at approximately $27,000. Evolution Wealth Management Inc. acquired a new position in Mastercard in the 2nd quarter worth approximately $29,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $579.61 on Friday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock’s 50-day moving average is $555.62 and its two-hundred day moving average is $565.84. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $520.49 billion, a P/E ratio of 37.06, a PEG ratio of 2.28 and a beta of 0.87.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the company earned $3.89 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a $0.87 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s payout ratio is presently 19.44%.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. Cowen reissued a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Citigroup raised Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Morgan Stanley set a $665.00 price objective on Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Royal Bank Of Canada upped their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $657.48.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.