Reflection Asset Management Purchases New Position in Mastercard Incorporated $MA

Reflection Asset Management acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,021 shares of the credit services provider’s stock, valued at approximately $583,000.

Several other large investors have also recently bought and sold shares of MA. CFO Capital Management LLC acquired a new stake in Mastercard during the 4th quarter worth $294,000. Sankala Group LLC acquired a new position in Mastercard in the fourth quarter valued at about $124,000. Tobam grew its stake in Mastercard by 176.0% in the fourth quarter. Tobam now owns 5,082 shares of the credit services provider’s stock valued at $2,901,000 after acquiring an additional 3,241 shares during the period. Wick Capital Partners LLC increased its holdings in shares of Mastercard by 120.5% in the fourth quarter. Wick Capital Partners LLC now owns 1,012 shares of the credit services provider’s stock worth $578,000 after acquiring an additional 553 shares in the last quarter. Finally, Arwa LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $1,420,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of several recent analyst reports. Citigroup cut their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Raymond James Financial set a $609.00 target price on Mastercard in a research note on Friday, May 1st. Susquehanna dropped their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. BMO Capital Markets assumed coverage on shares of Mastercard in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target on the stock. Finally, Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard Trading Up 0.2%

Shares of NYSE:MA opened at $490.73 on Friday. The company’s 50-day moving average price is $498.76 and its two-hundred day moving average price is $521.76. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $433.60 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.Mastercard’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.73 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.