582 Shares in Mastercard Incorporated (NYSE:MA) Bought by Brueske Advisory Services LLC

Brueske Advisory Services LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 582 shares of the credit services provider’s stock, valued at approximately $306,000.

Other institutional investors have also bought and sold shares of the company. Alphinity Investment Management Pty Ltd raised its stake in shares of Mastercard by 30.7% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 10,920 shares of the credit services provider’s stock valued at $5,750,000 after acquiring an additional 2,564 shares during the period. Crown Wealth Group LLC increased its stake in Mastercard by 4.9% in the 4th quarter. Crown Wealth Group LLC now owns 787 shares of the credit services provider’s stock worth $414,000 after buying an additional 37 shares during the period. Motiv8 Investments LLC increased its position in Mastercard by 22.7% during the 4th quarter. Motiv8 Investments LLC now owns 2,171 shares of the credit services provider’s stock valued at $1,143,000 after purchasing an additional 402 shares during the period. Proficio Capital Partners LLC increased its position in Mastercard by 79,739.7% during 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 purchasing an additional 1,553,329 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in Mastercard by 0.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 47,412 shares of the credit services provider’s stock valued at $24,966,000 after purchasing an additional 176 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MA. DZ Bank upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target on the stock in a report on Tuesday, February 4th. Monness Crespi & Hardt raised shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price on the stock in a research report on Friday, January 31st. BMO Capital Markets upped their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. TD Cowen upped their price objective 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 target price on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Trading Down 0.6 %

Shares of MA stock opened at $560.86 on Thursday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $511.34 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a 50-day moving average of $541.04 and a two-hundred day moving average of $516.03. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $576.94.

Mastercard (NYSE:MA) last issued 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 net margin of 45.71% and a return on equity of 188.47%. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is presently 21.89%.

Mastercard announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are 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.