TCP Asset Management LLC Invests $207,000 in Mastercard Incorporated (NYSE:MA)

TCP Asset Management LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 394 shares of the credit services provider’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the second quarter valued at approximately $34,000. First Personal Financial Services bought a new stake in Mastercard during the third quarter worth $39,000. Lowe Wealth Advisors LLC raised its position in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Mastercard during the 3rd quarter valued at $55,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.4 %

Shares of NYSE MA opened at $525.22 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $482.06 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.00 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $427.45 and a 52 week high of $537.70. The business has a 50-day simple moving average of $524.28 and a two-hundred day simple moving average of $494.24.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. Mastercard’s revenue was up 12.8% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.

Mastercard announced that its board has authorized a stock repurchase plan 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 reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.58%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is presently 19.97%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho increased their target price on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Seaport Res Ptn downgraded Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. UBS Group increased their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Robert W. Baird boosted their price objective on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, TD Cowen lifted their target price on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Mastercard Company 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.