JPL Wealth Management LLC Buys Shares of 8,055 Mastercard Incorporated (NYSE:MA)

JPL Wealth Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,055 shares of the credit services provider’s stock, valued at approximately $4,242,000. Mastercard comprises 1.2% of JPL Wealth Management LLC’s portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can grew its stake in shares of Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after acquiring an additional 1,965,782 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $837,017,000. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 79,739.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after buying an additional 1,553,329 shares during the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after buying an additional 700,769 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Mastercard by 13.1% in the 4th quarter. Amundi now owns 4,899,438 shares of the credit services provider’s stock valued at $2,532,541,000 after buying an additional 565,717 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Down 0.2 %

Shares of Mastercard stock opened at $524.69 on Thursday. The stock has a fifty day simple moving average of $545.31 and a 200 day simple moving average of $522.05. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The company has a market capitalization of $478.36 billion, a P/E ratio of 37.77, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard declared that its board has authorized a stock buyback program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are 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 0.58%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. UBS Group raised their price target on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Macquarie raised their price target on 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 lifted their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, TD Cowen lifted their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.