PUREfi Wealth LLC Buys Shares of 848 Mastercard Incorporated (NYSE:MA)

PUREfi Wealth LLC bought a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, HoldingsChannel.com reports. The firm bought 848 shares of the credit services provider’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in Mastercard in the third quarter valued at about $25,000. First Personal Financial Services bought a new position in Mastercard in the third quarter valued at about $39,000. FSA Wealth Management LLC bought a new position in Mastercard in the third quarter valued at about $54,000. Raelipskie Partnership boosted its stake in shares of 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 acquired a new stake in shares of Mastercard during the third quarter valued at about $55,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. Citigroup lifted their price target on Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays lifted their price target on Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Susquehanna lifted their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Trading Down 0.3 %

NYSE MA opened at $564.77 on Friday. The company has a market cap of $518.36 billion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The business has a 50 day moving average price of $534.76 and a 200-day moving average price of $508.68. The company has a quick ratio of 1.29, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities analysts expect that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually 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. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

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.