Mastercard Incorporated (NYSE:MA) Shares Acquired by Tower View Wealth Management LLC

Tower View Wealth Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 698 shares of the credit services provider’s stock after purchasing an additional 26 shares during the quarter. Tower View Wealth Management LLC’s holdings in Mastercard were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MA. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $30,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $39,000. FPC Investment Advisory Inc. grew its stake in shares of Mastercard by 483.3% during the 4th 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 period. Highline Wealth Partners LLC grew its stake in shares of Mastercard by 72.5% during the 4th quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 37 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Susquehanna lifted their price target on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Citigroup lifted their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, January 31st. DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a research note on Tuesday, February 4th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Up 2.0 %

NYSE MA opened at $576.08 on Friday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. 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 business’s fifty day simple moving average is $542.83 and its 200-day simple moving average is $517.61. The firm has a market cap of $525.22 billion, a PE ratio of 41.47, a P/E/G ratio of 2.37 and a beta of 1.10.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.53%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard announced that its Board of Directors has initiated a stock repurchase plan 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 purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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.