RMR Wealth Builders Buys 40 Shares of Mastercard Incorporated (NYSE:MA)

RMR Wealth Builders grew its stake in Mastercard Incorporated (NYSE:MA) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,526 shares of the credit services provider’s stock after purchasing an additional 40 shares during the quarter. RMR Wealth Builders’ holdings in Mastercard were worth $2,383,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Outlook Wealth Advisors LLC lifted its position in shares of Mastercard by 10.3% during the fourth quarter. Outlook Wealth Advisors LLC now owns 1,606 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 150 shares in the last quarter. Essex Savings Bank lifted its position in shares of Mastercard by 3.5% during the 4th quarter. Essex Savings Bank now owns 4,368 shares of the credit services provider’s stock worth $2,300,000 after buying an additional 147 shares in the last quarter. ERn Financial LLC grew its holdings in shares of Mastercard by 44.2% in the fourth quarter. ERn Financial LLC now owns 659 shares of the credit services provider’s stock valued at $347,000 after acquiring an additional 202 shares in the last quarter. HCR Wealth Advisors grew its holdings in shares of Mastercard by 1.8% in the fourth quarter. HCR Wealth Advisors now owns 3,889 shares of the credit services provider’s stock valued at $2,048,000 after acquiring an additional 68 shares in the last quarter. Finally, Sendero Wealth Management LLC lifted its holdings in Mastercard by 3.8% during the fourth quarter. Sendero Wealth Management LLC now owns 4,677 shares of the credit services provider’s stock worth $2,463,000 after acquiring an additional 172 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

NYSE:MA opened at $522.41 on Thursday. The stock has a market cap of $479.48 billion, a P/E ratio of 39.52, a PEG ratio of 2.00 and a beta of 1.10. 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 business’s 50-day moving average price is $524.14 and its two-hundred day moving average price is $493.23. Mastercard Incorporated has a twelve month low of $425.48 and a twelve month high of $537.70.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating 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 the consensus estimate of $7.27 billion. During the same period last year, the firm posted $3.39 earnings per share. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Mastercard Incorporated will post 14.46 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. 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 0.58%. The ex-dividend date is Friday, January 10th. Mastercard’s payout ratio is currently 19.97%.

Mastercard announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Susquehanna lifted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

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.