Kingsview Wealth Management LLC Acquires 7,223 Shares of Mastercard Incorporated (NYSE:MA)

Kingsview Wealth Management LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,182 shares of the credit services provider’s stock after purchasing an additional 7,223 shares during the period. Mastercard accounts for 0.8% of Kingsview Wealth Management LLC’s holdings, making the stock its 26th biggest holding. Kingsview Wealth Management LLC’s holdings in Mastercard were worth $40,115,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MA. Highline Wealth Partners LLC purchased a new stake in Mastercard during the third quarter valued at approximately $25,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the 3rd quarter valued at $39,000. FSA Wealth Management LLC acquired a new stake in shares of Mastercard in the 3rd quarter worth $54,000. Raelipskie Partnership grew its stake in Mastercard by 120.0% during the 3rd quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after buying an additional 60 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in Mastercard during the 3rd quarter valued at about $55,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $562.55 on Friday. The stock has a market capitalization of $516.33 billion, a P/E ratio of 40.50, a P/E/G ratio of 2.37 and a beta of 1.10. The company’s fifty day moving average price is $531.02 and its 200 day moving average price is $504.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.29 and a current ratio of 1.03. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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%. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.98 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Thursday, January 9th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, January 10th. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Mastercard declared that its board has approved a stock buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Barclays boosted their price target on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler restated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Robert W. Baird lifted their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. UBS Group upped their target price on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $603.08.

About Mastercard

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.