NTV Asset Management LLC Has $613,000 Stock Position in Mastercard Incorporated (NYSE:MA)

NTV Asset Management LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,164 shares of the credit services provider’s stock after purchasing an additional 51 shares during the period. NTV Asset Management LLC’s holdings in Mastercard were worth $613,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the third quarter valued at approximately $25,000. First Personal Financial Services bought a new position in Mastercard in the 3rd quarter worth $39,000. FSA Wealth Management LLC acquired a new position in Mastercard during the 3rd quarter worth $54,000. Raelipskie Partnership boosted its holdings 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 acquiring an additional 60 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Mastercard in the third quarter valued at about $55,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Macquarie increased their target price on Mastercard from $565.00 to $645.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Oppenheimer reduced their price objective on Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. 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 research report on Friday, January 31st. TD Cowen increased their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Susquehanna boosted their price objective on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Four 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’s stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Price Performance

Shares of MA stock opened at $564.77 on Tuesday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The stock has a market capitalization of $518.36 billion, a PE ratio of 40.66, a PEG ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. The stock’s fifty day moving average is $535.49 and its 200-day moving average is $510.30.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping 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%. Equities research analysts expect that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

Mastercard Dividend Announcement

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 $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

Mastercard announced that its board 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 purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are 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.