Invenio Wealth Partners LLC Acquires 21 Shares of Mastercard Incorporated (NYSE:MA)

Invenio Wealth Partners LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,542 shares of the credit services provider’s stock after acquiring an additional 21 shares during the quarter. Invenio Wealth Partners LLC’s holdings in Mastercard were worth $812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new stake in shares of Mastercard in the 4th quarter worth about $26,000. Marshall Investment Management LLC purchased a new stake in Mastercard in the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard in the fourth quarter worth about $32,000. Truvestments Capital LLC boosted its position in shares of Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after buying an additional 25 shares during the period. Finally, CoreFirst Bank & Trust bought a new position in shares of Mastercard during the fourth quarter valued at approximately $37,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. KeyCorp raised their price target on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target on the stock in a research note on Friday, January 31st. Wells Fargo & Company lifted their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Piper Sandler restated an “overweight” rating and issued a $635.00 target price (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm’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 transaction, the insider now directly owns 34,524 shares of the company’s stock, valued at $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Up 1.5 %

Mastercard stock opened at $548.66 on Tuesday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The business has a fifty day moving average price of $551.05 and a 200-day moving average price of $527.59. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $500.22 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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%. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Mastercard 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.