Mastercard Incorporated (NYSE:MA) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 717,942 shares of the credit services provider’s stock after purchasing an additional 155,135 shares during the quarter. Mastercard makes up about 0.6% of Corient Private Wealth LLC’s investment portfolio, making the stock its 28th largest holding. Corient Private Wealth LLC owned about 0.08% of Mastercard worth $376,378,000 as of its most recent SEC filing.

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

Mastercard Stock Performance

MA opened at $527.87 on Friday. The stock has a market cap of $481.27 billion, a PE ratio of 38.00, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The stock’s 50 day simple moving average is $545.38 and its 200-day simple moving average is $522.78.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

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

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Analyst Ratings Changes

A number of research firms have issued reports on MA. KeyCorp raised their target price on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a research note on Friday, January 31st. UBS Group raised their target price on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays lifted their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler restated an “overweight” rating and set a $635.00 price objective (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $606.11.

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.