Syntegra Private Wealth Group LLC Sells 38 Shares of Mastercard Incorporated (NYSE:MA)

Syntegra Private Wealth Group LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,260 shares of the credit services provider’s stock after selling 38 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Mastercard were worth $1,190,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Temasek Holdings Private Ltd lifted its position in shares of Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares in the last quarter. Nordea Investment Management AB increased its stake in Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after buying an additional 337,905 shares during the last quarter. Cardano Risk Management B.V. lifted its position in Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock worth $194,141,000 after buying an additional 9,611 shares in the last quarter. Sarasin & Partners LLP boosted its stake in shares of Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after buying an additional 37,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price on the stock in a report on Tuesday. BMO Capital Markets upped their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. KeyCorp raised their target price on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley dropped their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Mizuho lifted 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 equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $603.08.

Mastercard Price Performance

NYSE:MA opened at $566.05 on Thursday. 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 1.29 and a current ratio of 1.03. The firm’s 50-day simple moving average is $529.65 and its 200 day simple moving average is $503.41. The firm has a market cap of $519.53 billion, a price-to-earnings ratio of 40.75, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, sell-side analysts predict that Mastercard Incorporated will post 16.04 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is currently 21.89%.

Mastercard declared that its Board of Directors has approved a share buyback program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

About Mastercard

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.