779 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Turning Point Benefit Group Inc.

Turning Point Benefit Group Inc. acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 779 shares of the credit services provider’s stock, valued at approximately $393,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Highline Wealth Partners LLC acquired a new position in Mastercard during the third quarter worth approximately $25,000. First Personal Financial Services acquired a new stake in Mastercard during the 3rd quarter valued at $39,000. FSA Wealth Management LLC bought a new position in Mastercard during the 3rd quarter valued at $54,000. Raelipskie Partnership boosted its stake in Mastercard by 120.0% during the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after acquiring an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Mastercard during the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Macquarie raised their price target on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. UBS Group boosted their target price on shares of Mastercard from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Performance

NYSE:MA opened at $557.44 on Friday. The business’s 50-day moving average price is $538.98 and its two-hundred day moving average price is $513.33. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94. The stock has a market cap of $508.22 billion, a P/E ratio of 40.13, a PEG ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is 21.89%.

Mastercard declared that its board has authorized a stock repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits 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 board of directors believes its stock is undervalued.

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.