Mastercard Incorporated (NYSE:MA) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,049,991 shares of the credit services provider’s stock after purchasing an additional 54,011 shares during the period. Envestnet Asset Management Inc.’s holdings in Mastercard were worth $1,079,464,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new stake in shares of Mastercard during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $32,000. Marshall Investment Management LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $30,000. Truvestments Capital LLC boosted its position in Mastercard by 62.5% in the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after buying an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. grew its stake in shares of Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Susquehanna increased their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Citigroup raised their target price on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Piper Sandler restated an “overweight” rating and issued a $635.00 price objective (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, Morgan Stanley decreased their price objective on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Price Performance

Shares of MA opened at $489.94 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The firm has a 50-day simple moving average of $550.92 and a 200-day simple moving average of $528.08. The company has a market capitalization of $446.68 billion, a price-to-earnings ratio of 35.27, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.62%. Mastercard’s dividend payout ratio (DPR) is 21.89%.

Mastercard declared that its Board of Directors has authorized a share buyback program on Tuesday, December 17th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company’s stock, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.