Kingswood Wealth Advisors LLC Raises Stock Position in Mastercard Incorporated $MA

by · The Markets Daily

Kingswood Wealth Advisors LLC boosted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 17.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,543 shares of the credit services provider’s stock after purchasing an additional 991 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Mastercard were worth $3,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new stake in Mastercard during the second quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the 2nd quarter worth about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. Evolution Wealth Management Inc. purchased a new stake in shares of Mastercard in the 2nd quarter valued at about $29,000. Finally, Robbins Farley boosted its position in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MA shares. Macquarie lifted their target price on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Tigress Financial raised their price objective on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Truist Financial cut their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Evercore ISI set a $610.00 price target on Mastercard in a research report on Friday, December 12th. Finally, Wells Fargo & Company cut their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $657.48.

Read Our Latest Stock Report on Mastercard

Mastercard Stock Performance

NYSE MA opened at $580.34 on Thursday. The company has a 50-day simple moving average of $556.46 and a two-hundred day simple moving average of $566.38. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm has a market cap of $521.15 billion, a price-to-earnings ratio of 37.11, a PEG ratio of 1.97 and a beta of 0.86. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the company posted $3.89 EPS. Mastercard’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be issued a dividend of $0.87 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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