Lifestyle Asset Management Inc. Has $1.28 Million Position in Mastercard Incorporated (NYSE:MA)

Lifestyle Asset Management Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,430 shares of the credit services provider’s stock after purchasing an additional 45 shares during the period. Mastercard comprises approximately 0.7% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 27th largest position. Lifestyle Asset Management Inc.’s holdings in Mastercard were worth $1,280,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC acquired a new stake in Mastercard during the 3rd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Mastercard during the 2nd quarter worth approximately $34,000. First Personal Financial Services acquired a new stake in Mastercard during the 3rd quarter worth approximately $39,000. Lowe Wealth Advisors LLC boosted its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in Mastercard during the 3rd quarter worth approximately $54,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MA shares. Susquehanna lifted their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $575.00 price target (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Oppenheimer lowered their price target on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, Citigroup raised their price target on shares of Mastercard from $572.00 to $584.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $566.63.

Mastercard Price Performance

MA opened at $533.77 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $489.91 billion, a price-to-earnings ratio of 40.38, a P/E/G ratio of 2.10 and a beta of 1.10. The firm’s fifty day moving average price is $524.27 and its two-hundred day moving average price is $496.23. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $537.70.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.39 EPS. As a group, analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

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

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s payout ratio is 23.00%.

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.