Quantum Private Wealth LLC Has $2.70 Million Stake in Mastercard Incorporated (NYSE:MA)

Quantum Private Wealth LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,122 shares of the credit services provider’s stock after selling 209 shares during the period. Mastercard comprises 0.9% of Quantum Private Wealth LLC’s holdings, making the stock its 20th largest holding. Quantum Private Wealth LLC’s holdings in Mastercard were worth $2,697,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new position in Mastercard in the third quarter valued at about $25,000. First Personal Financial Services bought a new position in Mastercard in the 3rd quarter valued at about $39,000. FSA Wealth Management LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at approximately $54,000. Raelipskie Partnership lifted its holdings in shares of Mastercard by 120.0% during 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 period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $55,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of MA opened at $564.77 on Friday. The firm’s fifty day simple moving average is $535.49 and its two-hundred day simple moving average is $509.54. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $518.36 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last released 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 return on equity of 188.47% and a net margin of 45.71%. As a group, analysts predict that Mastercard Incorporated will post 15.98 EPS for the current year.

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 purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on the stock. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a research note on Tuesday, February 4th. Oppenheimer lowered their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Barclays raised their price target on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $606.11.

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.