Noble Wealth Management PBC Makes New $584,000 Investment in Mastercard Incorporated (NYSE:MA)

Noble Wealth Management PBC purchased a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,110 shares of the credit services provider’s stock, valued at approximately $584,000.

A number of other hedge funds have also modified their holdings of the company. State Street Corp boosted its position in shares of Mastercard by 0.7% during the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock worth $17,425,665,000 after acquiring an additional 257,312 shares during the last quarter. FMR LLC boosted its position in shares of Mastercard by 3.4% during the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after acquiring an additional 700,769 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after acquiring an additional 453,773 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Mastercard by 4.2% during the third quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider’s stock worth $3,800,836,000 after acquiring an additional 304,293 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Mastercard by 1.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,308,684 shares of the credit services provider’s stock worth $3,115,228,000 after acquiring an additional 64,456 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MA. Mizuho upped their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets upped their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Oppenheimer dropped their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, KeyCorp increased their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Stock Up 2.0 %

NYSE:MA opened at $576.08 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The stock has a market capitalization of $525.22 billion, a P/E ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10. 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 company’s 50-day simple moving average is $542.83 and its 200-day simple moving average is $517.21.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating 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, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business 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 $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard announced that its board has approved a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes 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 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.