1900 Wealth Management LLC Purchases 59 Shares of Mastercard Incorporated (NYSE:MA)

1900 Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MA) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 588 shares of the credit services provider’s stock after buying an additional 59 shares during the period. 1900 Wealth Management LLC’s holdings in Mastercard were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MA. Highline Wealth Partners LLC purchased a new position in Mastercard during the 3rd quarter valued at approximately $25,000. First Personal Financial Services purchased a new position in shares of Mastercard in the third quarter valued at $39,000. FSA Wealth Management LLC bought a new stake in Mastercard in the third quarter worth $54,000. Raelipskie Partnership raised its stake in Mastercard by 120.0% during the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 60 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Mastercard during the third quarter valued at $55,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $567.12 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $576.94. The company has a current ratio of 1.03, a quick ratio of 1.29 and a debt-to-equity ratio of 2.68. The stock has a market cap of $520.52 billion, a price-to-earnings ratio of 40.83, a PEG ratio of 2.23 and a beta of 1.10. The company has a 50 day simple moving average of $530.33 and a two-hundred day simple moving average of $503.85.

Mastercard (NYSE:MA) last released its quarterly earnings data 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%. As a group, analysts predict that Mastercard Incorporated will post 16.04 earnings per share for the current year.

Mastercard announced that its Board of Directors has approved a share buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is presently 21.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MA shares. Raymond James reissued an “outperform” rating and set a $640.00 price objective (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. Wells Fargo & Company boosted their target price on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $603.08.

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.