Prosperitas Financial LLC Purchases 289 Shares of Mastercard Incorporated (NYSE:MA)

Prosperitas Financial LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,775 shares of the credit services provider’s stock after purchasing an additional 289 shares during the period. Mastercard accounts for 1.5% of Prosperitas Financial LLC’s portfolio, making the stock its 20th largest holding. Prosperitas Financial LLC’s holdings in Mastercard were worth $3,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC bought a new stake in shares of Mastercard in the 3rd quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard in the 4th quarter worth about $30,000. First Personal Financial Services bought a new stake in shares of Mastercard in the 3rd quarter worth about $39,000. FPC Investment Advisory Inc. increased its holdings in shares of Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Mastercard in the 3rd quarter worth about $54,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.6 %

NYSE:MA opened at $564.91 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $515.03 billion, a P/E ratio of 40.67, a P/E/G ratio of 2.37 and a beta of 1.10. The firm has a 50-day simple moving average of $541.87 and a 200-day simple moving average of $516.37. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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%. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MA shares. BMO Capital Markets boosted their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Tigress Financial boosted their target price on shares of Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock 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 for the company in a research note on Friday, January 31st. Finally, Macquarie lifted their price target on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Company 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.