Momentous Wealth Management Inc. Purchases Shares of 390 Mastercard Incorporated (NYSE:MA)

Momentous Wealth Management Inc. acquired a new position in Mastercard Incorporated (NYSE:MA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 390 shares of the credit services provider’s stock, valued at approximately $205,000.

Other large investors have also modified their holdings of the company. NewSquare Capital LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at $30,000. Halbert Hargrove Global Advisors LLC bought a new stake in Mastercard during the 4th quarter worth about $32,000. Truvestments Capital LLC increased its position in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 25 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of Mastercard in the fourth quarter worth about $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Oppenheimer reduced their price objective on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. UBS Group lifted 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. Keefe, Bruyette & Woods boosted their target price on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $635.00 price target (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research note on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Stock Up 1.5 %

Shares of NYSE MA opened at $543.82 on Tuesday. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. 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 company’s 50 day moving average price is $548.32 and its 200-day moving average price is $525.42. The company has a market capitalization of $495.81 billion, a P/E ratio of 39.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating 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 forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard announced that its Board of Directors has approved a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 0.56%. Mastercard’s payout ratio is 21.89%.

Mastercard 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.