Mastercard Incorporated (NYSE:MA) Shares Bought by Centurion Wealth Management LLC

Centurion Wealth Management LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,418 shares of the credit services provider’s stock after purchasing an additional 55 shares during the quarter. Centurion Wealth Management LLC’s holdings in Mastercard were worth $747,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC bought a new position in Mastercard during the fourth quarter valued at about $26,000. Marshall Investment Management LLC bought a new position in Mastercard during the fourth quarter valued at about $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Truvestments Capital LLC boosted its holdings in 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 purchasing an additional 25 shares in the last quarter. Finally, FPC Investment Advisory Inc. boosted 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 acquiring an additional 58 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Macquarie upped their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada upped their price objective on Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays upped their price objective on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Performance

Shares of Mastercard stock opened at $527.87 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. 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 firm has a market capitalization of $481.27 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.37 and a beta of 1.10. The company’s 50 day moving average price is $545.38 and its two-hundred day moving average price is $522.78.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share 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 $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio is currently 21.89%.

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

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.