Impact Investors Inc Acquires Shares of 3,021 Mastercard Incorporated (NYSE:MA)

Impact Investors Inc bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,021 shares of the credit services provider’s stock, valued at approximately $1,591,000. Mastercard makes up approximately 1.2% of Impact Investors Inc’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors have also recently modified their holdings of MA. Highline Wealth Partners LLC purchased a new position in Mastercard during the third quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in Mastercard in the 4th quarter valued at about $30,000. FPC Investment Advisory Inc. boosted its holdings in Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after buying an additional 58 shares during the last quarter. First Personal Financial Services acquired a new stake in Mastercard in the 3rd quarter worth about $39,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Mastercard during the third quarter valued at approximately $55,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Susquehanna upped their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Royal Bank of Canada increased their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Seaport Res Ptn lowered shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, UBS Group increased their price objective on shares of Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Stock Up 1.0 %

NYSE:MA opened at $564.68 on Wednesday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $576.94. The stock’s fifty day moving average is $540.22 and its two-hundred day moving average is $515.72. The stock has a market capitalization of $514.82 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed 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 of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard declared that its Board of Directors has approved a stock buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.