Miller Financial Services LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

Miller Financial Services LLC bought a new position in Mastercard Incorporated (NYSE:MA – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,693 shares of the credit services provider’s stock, valued at approximately $892,000.

Several other large investors have also added to or reduced their stakes in MA. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $32,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $30,000. FPC Investment Advisory Inc. boosted its position in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 58 shares during the last quarter. Finally, Highline Wealth Partners LLC boosted its position in shares of Mastercard by 72.5% during the 4th quarter. Highline Wealth Partners LLC now owns 88 shares of the credit services provider’s stock valued at $46,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $535.80 on Tuesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23. The stock has a market capitalization of $488.49 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock’s 50 day moving average price is $545.35 and its 200-day moving average price is $521.61.

Mastercard (NYSE:MA – Get Free Report) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (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%. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard announced that its board has authorized a stock buyback plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid 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 dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MA shares. KeyCorp lifted their price target on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research report 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 report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research report on Friday, January 31st. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a report on Tuesday, February 4th. Finally, TD Cowen raised their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $606.11.

Check Out Our Latest Stock Analysis on MA

Mastercard Profile

(Free Report)

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.

See Also

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