United Services Automobile Association Sells 133 Shares of Mastercard Incorporated (NYSE:MA)

United Services Automobile Association lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,057 shares of the credit services provider’s stock after selling 133 shares during the period. United Services Automobile Association’s holdings in Mastercard were worth $10,035,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays increased their price objective on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Oppenheimer dropped their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Piper Sandler reissued an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Raymond James restated an “outperform” rating and issued a $640.00 target price (up previously from $614.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Macquarie boosted their target price on shares of Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Four equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Performance

Mastercard stock opened at $535.14 on Monday. The company’s 50-day moving average price is $547.55 and its 200-day moving average price is $524.95. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company 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. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is presently 21.89%.

Mastercard declared that its board has initiated a share buyback plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

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.