SilverOak Wealth Management LLC Purchases Shares of 407 Mastercard Incorporated (NYSE:MA)

SilverOak Wealth Management LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 407 shares of the credit services provider’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB increased its position in shares of Mastercard by 14.8% in the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock valued at $925,662,000 after acquiring an additional 241,297 shares during the last quarter. Trilogy Capital Inc. grew its stake in Mastercard by 13.9% in the third quarter. Trilogy Capital Inc. now owns 893 shares of the credit services provider’s stock valued at $441,000 after purchasing an additional 109 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Mastercard by 1.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,480 shares of the credit services provider’s stock worth $2,212,000 after purchasing an additional 52 shares during the last quarter. Evernest Financial Advisors LLC raised its stake in shares of Mastercard by 1.4% during the 3rd quarter. Evernest Financial Advisors LLC now owns 3,589 shares of the credit services provider’s stock worth $1,772,000 after purchasing an additional 51 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Mastercard by 5.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 563 shares of the credit services provider’s stock valued at $278,000 after buying an additional 31 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.6 %

Shares of NYSE:MA opened at $567.90 on Wednesday. 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 52-week low of $428.86 and a 52-week high of $576.94. The company has a market capitalization of $521.24 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a fifty day moving average of $537.10 and a 200-day moving average of $511.77.

Mastercard (NYSE:MA) last posted 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 net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s payout ratio is presently 21.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Mastercard in a report on Friday, January 31st. Tigress Financial boosted their price objective on shares of Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 13th. 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. TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, UBS Group upped their price objective on Mastercard from $600.00 to $660.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.