White Knight Strategic Wealth Advisors LLC Buys 275 Shares of Mastercard Incorporated (NYSE:MA)

White Knight Strategic Wealth Advisors LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,904 shares of the credit services provider’s stock after buying an additional 275 shares during the quarter. Mastercard comprises 0.9% of White Knight Strategic Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. White Knight Strategic Wealth Advisors LLC’s holdings in Mastercard were worth $940,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard during the second quarter valued at approximately $35,000. First Personal Financial Services purchased a new position in shares of Mastercard during the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC boosted its position in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MA. Barclays raised their price objective on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Citigroup raised their price target on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. BMO Capital Markets upped their price target on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Oppenheimer started coverage on shares of Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Finally, KeyCorp lifted their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Performance

MA opened at $532.93 on Friday. The company’s 50 day moving average is $510.37 and its 200 day moving average is $476.15. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a market cap of $489.14 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were paid a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.50%. Mastercard’s payout ratio is presently 19.97%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.